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Should schemes sign up
to the Pension Advice Allowance

Our viewpoint

From April 2017 pension schemes can allow members with DC funds to use up to £1,500 of such funds (up to £500 on each occasion), tax-free, to help meet the cost of regulated retirement financial advice, with no additional reporting duties on the scheme or sponsoring employer.

But should they allow members to use their funds in this way and what are the issues they need to consider?

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