Adviser calls for urgent death benefit rule reform

The queries suggested that even though the rules can be flexible and tax-efficient, they can also be complex, the business said. According to the self-invested personal pension (SIPP) operator, this has been an ongoing issue for advisers and is not a "one-off spike" in queries. The questions asked covered a range of topics including; when beneficiaries' drawdown is available, minors inheriting death benefits, tax implications and lifetime allowance charges. Curtis Banks said clients have requested further clarity on how they can use expressions of wish forms to pass on their wealth...