Winterthur Life have announced they will not only be keeping open their Executive Pension Plan (EPP) after A-Day, they will also be acting as scheme administrator.
Unlike other insurers who have decided to either close their EPP offering, like Standard Life, or have chosen not to act as administrator for the scheme, as Scottish Equitable have done, Winterthur has decided to keep their proposition open because they believe an EPP still has advantages over a personal pension, such as immediate higher rate tax relief. Along with the EPP, Winterthur will also be keeping open their Self-Invested Executive Pension Plan (SI EPP), to allow members a degree of self-investment, which it says is a cheaper alternative to a Small Self Administered Scheme (SSAS) ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes