Top five chargeable queries of 2017
By Kirsten Hastings, 15 Dec 17
One of the most common topics prompting advisers to reach out to life companies for support was around chargeable events. With a myriad of changes in recent years, it is little wonder that the already complicated topic has many UK advisers scratching their heads. Canada Life has put together a list of the five most common chargeable event queries advisers asked in 2017.
Kim Jarvis, technical manager, Canada Life, said: “Judging by the volume of queries we’ve had, one of the biggest headaches for advisers in 2017 was the sheer variety of ways it’s possible to trigger a chargeable event.
“Advisers probably weren’t helped by the fact that the rules around such triggers are at times quite confusing and labyrinthine. Even something innocuous like say, receiving savings interest, can wreak a degree of havoc on an otherwise perfect investment strategy if it’s not anticipated and planned for.
“That’s why it pays to be wary, and think carefully about the impacts of reaching every financial milestone in your plan.”
Click through the slides above to see the most common chargeable queries Canada Life received in 2017 – in ascending order.
Tags: Canada Life
