FSCS for flexi-access drawdowns

Discussion in 'SA4' started by Edward chong, Feb 14, 2017.

  1. Edward chong

    Edward chong Member

    Hi,

    I would like to ask that if an insurer that sells flexi-access drawdowns goes bust, how are the affected retirees get compensated in scenarios below:
    1. If the drawdown plan is just an unit-linked policies without any guarantees
    2. If the drawdown plan is a guaranteed drawdown & some retirees have taken up option to receive guaranteed income, fund value &/or death benefits
    3. If the drawdown plan is a guaranteed drawdown & some retirees have not taken up any income, capital or death benefit guarantees
    Thank you.
     
  2. Beyond SA4 to know this detail.
    FSCS website would be a good place to look for this.
     

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