We'll shortly be writing to customers who took out a Pension Portfolio plan between 11 January and 30 May 2016 to tell them about a further retirement income option we’ve added to their plan from 30 May 2016 - combined regular payments of tax-free cash and taxable income payments.
On 6 April 2015 new legislation came into force that introduced new responsibilities for trustees of occupational money purchase pension schemes.
We're mailing trustees, employers and customers to tell them about changes to their pension plans to cater for the new pension flexibility.
Supporting you through the change.