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Jargon busters taking on UK pensions

Jargon busters taking on UK pensions

Terms such as 'uncrystallised pension funds lump sum' and 'flexi-access drawdown' could be phased out if a new guide to make pensions language simple, clear, and consistent is adopted. Co-ordinated by the Association of British Insurers (ABI), with the support of industry, government, and consumer groups, the guide aims to standardise the language used so that customers can understand and compare products more easily without having to decipher technical terms.  Please link to International Adviser to read the full article by Kirsten Hastings.

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