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SLA calls for UFPLS to be axed | Money Marketing


SLA calls for UFPLS to be axed
By
Jean-Baptiste Andrieux
14
Standard Life Aberdeen has called on uncrystallised funds pension lump sums (UFPLS) to be scrapped.
It made the call in its submission to the work and pensions select committee inquiry into the pension freedoms.
SLA wants the government to limit the range of products available for pensions, as it confuses customers.
SLA head of platform proposition Alastair Black believes it is essential for customers to understand their needs.
With annuities guaranteeing incomes for life and drawdown responding to flexible needs, SLA considers that customers’ needs are already covered.
Black considers UFPLS to be a subset of drawdown that has become an “unnecessary distraction”. ....

Standard Life Aberdeen , Alastair Black , தரநிலை வாழ்க்கை குட்டைநாய் வகை , அலெஸ்டர் கருப்பு ,

The weird and wonderful world of platforms


The weird and wonderful world of platforms
2020 was a landmark year for platforms – and as we enter 2021
the sector is ripe for another shakeup
By
Katey Pigden
28
Eighteen months ago, as the newly appointed news editor of
Money Marketing who had been given platforms as their main beat, I almost talked myself out of a job when I openly admitted I didn’t really know what an adviser platform was.
They say there’s no such thing as a stupid question, but I’m sure my boss wondered why he had employed me when I asked: “What exactly do you mean by the term ‘platform’?” Luckily, he didn’t sack me on the spot or tell me he’d made a terrible mistake. Instead, he patiently explained how advisers used them to view and manage their client’s investments in one place. ....

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