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FSCS for flexi-access drawdowns

E

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.
 
Beyond SA4 to know this detail.
FSCS website would be a good place to look for this.
 
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