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.
AGM Action point remindersMinutes of the Association's 12th Annual General Meeting
14th Sep 2018 2:05 pm
Draft Minutes of the Association's 12th Annual General Meeting, as held on 9th October 2017, were published on 20 October 2017.Mike Morrison
16th Jan 2018 9:35 am
The AMPS Committee is very sorry indeed to learn of the death of Mike Morrison...
7th Nov 2017 4:15 pm
Copyright ©2013 AMPS Online Site Design by infratraq LLP