AJ Bell has called for simplification of the rules governing uncrystallised funds pension lump sums (UFPLS) and said demand for the option may not exist in the retail market.
An UFPLS is a combination of a tax free lump sum and a one off taxable income payment and comes as a result of pensions freedom set for 6 April. AJ Bell chief executive Andy Bell said: "Pension savers...
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