Final Salary, Defined Benefit Pensions – Lump sum payout options now available (UK and Ireland)

Settings for scheduling future lump sum payouts from final salary pensions (defined benefit schemes) are now available on the Pensions > Final Salary (UK) and Defined Benefit (Ireland) screens in AdviserGo.

These settings are found on the Basics tab for Active and Deferred schemes. Under Lump Sum Options are selections for setting a future lump sum payout from a pension scheme to a declared, commuted, accrued, or maximum payout.

Settings are also available for specifying lump sum payouts for death in deferment.