Scottish Life launches annual income reviews

The reviews will allow advisers to consider their client's Income Release options each year and ensure they fulfil their TCF obligations, Scottish Life says. Advisers will be issued with annual review documents six weeks before their client's review date, allowing them to identify any changes that need to be made to their investments and income levels. Annual statements will be sent automatically, but IFAs will also be able to request ad hoc reviews when needed. Scottish Life is also introducing annual customer statements, which will contain information about the value of a customer's...