What if the two-pot system challenges trustees’ long held practice that “if we can’t find a reason not to, we must pay the money as a lump sum to the guardian”? Here’s the challenge: if we protect members from blowing their own retirement money, why don’t we offer the same protection to their children and other dependants when death benefits are paid out? Sure, a once‑off lump sum into a guardian’s account can be a lifeline, but it can also disappear fast under pressure.
And why do we think that it’s the PFA who told us that “beneficiary funds are a last resort for when guardians are financially irresponsible or unable”? Was it, though?
Who should attend: Trustees, manco’s, Principal Officers, advisors, benefit consultants & fund administrators
Register for this webinar here
This event will be accredited for CPD hours.
