What details should be sent when a BCE occurs?

Notepad_Phil

garmeg said:

A J Bell give you a certificate and at the bottom it tells you the starting income drawdown fund, like in the following anonymised example ...

That's the type of certificate that I wish every scheme administrator would provide. Mind you I wonder how many people actually know about these Age 75 tests and are just blissfully going along thinking everything's sorted and wouldn't have kept those statements anyway.

garmeg

Notepad_Phil said:

garmeg said:

A J Bell give you a certificate and at the bottom it tells you the starting income drawdown fund, like in the following anonymised example ...

That's the type of certificate that I wish every scheme administrator would provide. Mind you I wonder how many people actually know about these Age 75 tests and are just blissfully going along thinking everything's sorted and wouldn't have kept those statements anyway.

Here is an example from Hargreaves Lansdown which mentions the drawdown fund and LTA usage. It does not mention the PCLS which was referred to in the enclosing letter.

garmeg

Notepad_Phil said:

garmeg said:

A J Bell give you a certificate and at the bottom it tells you the starting income drawdown fund, like in the following anonymised example ...

That's the type of certificate that I wish every scheme administrator would provide. Mind you I wonder how many people actually know about these Age 75 tests and are just blissfully going along thinking everything's sorted and wouldn't have kept those statements anyway.

If you dont transfer then the current provider will have all the details. If you transfer then the details should go to the new provider.

Most people never get anywhere near to LTA so probably a minor issue anyway. Those that do should hopefully be aware of it.