Review legacy pensions now to avoid 'future death benefit complaints', advisers warned

Carmen Reichman

Standard Life is urging advisers to review their clients' legacy personal pensions to avoid their beneficiaries being forced to buy an annuity when they inherit the pots and avoid potential future negligence claims.

The provider pointed out not all occupational or personal pension schemes offer death benefit flexibility, meaning for many taking an annuity will be the only option upon inheriting a pension. It also...

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