IFA: Pru must pay for ScotAm advice

Earlier in April, the Pru wrote to 39,000 customers with Scottish Amicable unit-linked pension plans informing them their pensions had been miscalculated and offering them payments of between £100 and £1,000 each. However, IFA Yvonne Goodwin says the advice needed by affected clients creates a cost burden that must be borne by the client, the adviser or Pru itself. "The Pru has written to my client saying: ‘This is the money you are owed, ask your adviser what to do with it'. But there are lots of options, such as taking the money as tax-free cash, buying an annuity, taking an unautho...