The Association of Member-Directed Pension Schemes (AMPS), the trade body for SSAS and SIPP providers, has set up an online survey for its members to complete so that it can gain feedback on the implementation of unisex GAD rates, and opinions on other topics such as the reduction in maximum drawdown from 120% to 100% of annuity rates.
AMPS Chairman, Andrew Roberts said: “The ECJ ruling on gender-neutral pricing of insurance premiums and benefits has a knock-on effect on drawdown rates. This could lead to further changes to the underlying GAD tables in the next 12 months. Whilst we fully understand that the UK has to comply with the ECJ ruling, it is unfortunate that the revision could occur within two years of the last revision. This doesn’t add to consumer confidence in being able to plan for their retirement.”
Member firms of AMPS who provide SIPP and SSAS drawdown products, together with software providers, are encouraged to complete the survey by logging on to www.ampsonline.co.uk. The survey is only available to member firms.
Draft Minutes of the Association's 13th Annual General Meeting, as held on 9th October 2017, were published on 20 October 2017. No amendments were received within one month of publishing date. Final version is attached.Mike Morrison
4th Dec 2017 3:34 pm
The AMPS Committee is very sorry indeed to learn of the death of Mike Morrison...Appointment of Officers
7th Nov 2017 4:15 pm
At the meeting of the AMPS Committee on 18th October 2017, the following appointments of Officers were confirmed...
19th Oct 2017 4:27 pm
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