It is now a standard feature for the Trustees of some schemes to require that members have acknowledged sight of the terms of their post retirement products (ARFs and Vested PRSAs).
This will mean sight by the Trustees of either the Suitability Letter, signed by the member, or signing by the member of a relevant page of the proposal form which contains the product terms, including remuneration of the advisor.
This is good.
I doubt that these Trustees will be signing off on transfers from schemes that have (say) a 0.75% AMC to an ARF/Vested PRSA with a 1.50% AMC.
Gerard
www.execution-only.ie
This will mean sight by the Trustees of either the Suitability Letter, signed by the member, or signing by the member of a relevant page of the proposal form which contains the product terms, including remuneration of the advisor.
This is good.
I doubt that these Trustees will be signing off on transfers from schemes that have (say) a 0.75% AMC to an ARF/Vested PRSA with a 1.50% AMC.
Gerard
www.execution-only.ie