Please note: For advisers only, not for use with customers. If you're a customer please go to our customer site.
New pension freedoms
As you know pensions have changed dramatically. There is now more flexibility over how your defined contribution pension clients can access their funds from age 55 onwards. However partial encashment and income drawdown are more complex requests and Friends Life is not currently offering these options to our customers.
Your clients can withdraw their full pension as cash (after deduction of any tax and charges due) from Friends Life or they can transfer their full pension from Friends Life to an alternative provider who can fulfil the request for partial withdrawal or flexi-access drawdown.
To contact us in relation to your clients existing Friends Life pension(s) visit our Contact us webpage.