A Pension Term Assurance (PTA) factsheet has been launched by the Association of Mortgage Intermediaries (Ami).
The factsheet aims to inform Ami members about the opportunities for arranging PTA, which have arisen as a result of the pension simplification changes introduced from A-day. PTA is a term assurance product written under pensions legislation, which currently allows relief on the premiums. The pension simplification changes mean mortgage intermediaries who hold general insurance mediation permissions are now able to provide access to PTA under the Insurance Code of Business (Icob) rules. The changes allow PTA to be sold on a standalone basis without the requirement for the client to...
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