GE Life post A-day pension range boost

Retirement specialist GE Life is offering a revamped pension range proposition following the greater flexibility allowed with regulations announced on A-Day.

Enhancements, added to GE Life's already A-Day compliant product range, include improvements to its unsecured pension range (USP), an alternative secured pension (ASP) and a new 'transitions' plan.

The plan will provide a single wrapper for clients accumulating or consolidating benefits in addition to those looking to take benefits in the form of USP and ASP.

Investors will be able to enjoy tax free cash from protected rights benefits, protected rights benefits from age 50 and income withdrawals post age 75 via ASPs.

"The additional flexibility responds to the needs of those at and approaching retirement," said Ray Chinn from GE Life.

"Our Transitions Retirement Plan recognises that retirement is often no longer a single 'event' but more commonly a gradual move from full time employment to full time retirement."