Adviser calls for urgent death benefit rule reform

'Disproportionately high'

Sophie King
clock • 2 min read

More than half of technical queries made to SIPP operator Curtis Banks by advisers concerned the subject of death benefits rules.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Guaranteed income integration critical to guided retirement success

Guaranteed income integration critical to guided retirement success

Research finds annuitisation rates of 55% to 60% are possible without compulsion

Jonathan Stapleton
clock 16 September 2026 • 5 min read
DWP seeks small pension pot default consolidator solution

DWP seeks small pension pot default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Adviser chases Hartley Pensions for ten months over clients' SSAS transfer

Takes case to The Pensions Ombudsman

clock 10 September 2026 • 2 min read