Multiple choice Q&A #3

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WED, 13 MAY 2015

Each week we share our responses to stand out adviser queries in case others also finds them helpful. We thought this week we’d shake things up with a spot of multiple choice. Scroll down for the answers to some common pension flexibility questions.

1. Member dies leaving no nomination. Is the scheme administrator permitted to nominate a nominee for drawdown?

a. No
b. Yes, without exception
c. Yes, providing there is no dependant
d. Yes providing there is no dependant or member nominated nominee

2. Which of these options is not possible with UFPLS?

a. Take benefits on a phased basis
b. Take it all in a one off payment
c. Take tax free element as one off payment
d. All of the above

Q1 d
Q2 c