ZURICH has enhanced its pension drawdown plan, adding a new protected rights drawdown facility, new SIPP and nil income enhancement.
The nil income enhancement is available to customers who choose not to take income withdrawals from their drawdown plan, while the protected rights facility will allow clients to invest both protected and non protected rights funds into the Zurich drawdown plan for the first time. The SIPP will allow access to a wider set of assets then had previously been available for non protected rights funds and Zurich pension funds. Dave Lowe, Zurich UK’s life and pensions management director, said: “This will provide investors with greater flexibility when considering their retirements options....
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