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Nat Mut launches campaign advising IFAs on changed drawdown regulations

National Mutual has launched a campaign to help IFAs remain compliant with PIA regulatory update 55 on drawdown which was issued last August.


The campaign co-incides with changes the life office has made to its own drawdown contract.


It now offers a self invested personal pension option supported by its own in-house administration team. It is also able to produce illustrations for drawdown below the age of 50.


National Mutual pensions development manager Richard Taylor says: &#34Offering a SIPP option under drawdown is nothing new. But the fact that we have invested around £1m in a new administration system and can support the SIPP option with an in-house team is something which not many of our competitors can match.&#34

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