16m entitled to pension benefit

As a result, it has urged advisers to check if clients with occupational pension schemes can take advantage of the entitlement. The company said this would give the adviser a single view of the underlying investment strategy which can then be monitored more effectively to ensure it is in line with a client’s requirements. Skandia explained that the situation has developed because any client who was a member of an occupational pension scheme before A-Day, may be entitled to more than 25pc tax free cash from the product. Subsequently, it says advisers must check the status of the c...