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On the sidelines

I suspect that many clients will not take waiver of premium any longer as

it is now a separate contract and cannot be paid as part of the pension

contrib-ution and must be paid from the individual&#39s bank account.

This is not very convenient for members of group schemes.

No doubt, some companies will not bother to offer the contract at all. I

cannot think that this will benefit anyone at all but, of course, the few

who have a long-term illness will suffer enormously.

It is interesting that the powers that be have, in effect, sidelined

waiver of premium when only a few months ago advisers could have been sued

for not recommending it. Does anyone know what logic caused this sorry

state of affairs?

David Hopkinson

JFW Robinson & Co,

Workington

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