…We have been asked for help by a prospective client who is struggling to find a provider of deferred annuities. The enquirer is charged with winding up a tiny final salary scheme which has only two members left. There is a deficit; we are told “the surrender value is about £240k, and the buyout cost about £580k”. The sponsoring employer is not in any difficulty, but might be troubled if required to find £340k just for this. Please let me know if you can help.
IFA Steve Says:
Its very difficult to give advice here as this seems a very specific enquiry here and I’d need to ask some more questions before giving advice. However I believe AEGON Scottish Equitable and Skandia both operate in the section 32 market which may be what you need.
Steve Weisner Dip PFS, BSc (hons)
Independent Financial Adviser
Radcliffe & Newlands
14 Bonhill Street,
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