Give people the full picture on ASP

Dear Editor, I have seen a number of letters and comments from various operators effectively advising individuals who are approaching 75 that if they elect to go into ASP, their benefits on death will have to be donated to charity. This is a very simplistic approach and it is questionable as to whether or not it is "treating customers fairly". It is perfectly reasonable for an operator to say that it will not permit benefits to remain in their pension arrangement subsequent to the death of a dependant in ASP because under current legislation this could give rise to an unauthorised payment...