Mike Morrison asks: Why bother with UFPLS?

Mike Morrison asks: Why bother with UFPLS?

clock

Pensions guru Mike Morrison compares and contrasts UFPLS and flexi access drawdown ahead of pensions freedom

It seems like I have been travelling around talking about the new pensions freedom regime for years rather than months - but it has been changing constantly. I remember travelling on a Sunday afternoon to Chester for a talk on the Monday - this was also the week of the Conservative Party Conference and as I was travelling it was becoming clear that there was further change as the Chancellor announced the removal of the "death tax". So a quick change of slides and a bit of a story and we're ready to run! When we first started the usual jargon got me confused. The new options are fle...

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 Income

Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read
M&G launches fixed term annuity as it re-enters market

M&G launches fixed term annuity as it re-enters market

Fixed term of between five and 15 years on £10,000 minimum lump sum

Jenna Brown
clock 12 March 2025 • 2 min read
L&G reports record annuity sales of £2.1bn for 2024

L&G reports record annuity sales of £2.1bn for 2024

New business sales of annuities up 48%

Linus Uhlig & Jenna Brown
clock 12 March 2025 • 3 min read