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:
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:
- If the drawdown plan is just an unit-linked policies without any guarantees
- If the drawdown plan is a guaranteed drawdown & some retirees have taken up option to receive guaranteed income, fund value &/or death benefits
- If the drawdown plan is a guaranteed drawdown & some retirees have not taken up any income, capital or death benefit guarantees