Tomorrow, the at and post retirement specialist, has extended its drawdown offering to allow transfers between both Protected Rights USP contracts and Protected Rights ASP contracts.
The group says the advantages of switching to another provider include continued flexibility for clients to manage their financial affairs when looking for the best investment returns and the ability to escape from poor service. Ray Chinn, pension product design manager for Tomorrow, says: “The ability to access Pensions Commencement Lump Sums under Protected Rights plans captured many people’s imagination at A-Day – as evidenced by the increase in this type of USP plan. "Further changes in stance from the DWP, looking to bring Protected Rights benefits into line with Non Protected Ri...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- 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
