Pensions Ombudsman confirms entire SIPP may be disinvested on first instruction following member’s death ...Middle East

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Pensions Ombudsman confirms entire SIPP may be disinvested on first instruction following member’s death
A recent determination by the UK Pensions Ombudsman (PO) confirms that where there are multiple beneficiaries following the death of a member, it is reasonable for the providers to disinvest the pension fund on first instruction from a beneficiary to ensure the beneficiaries receive correct shares and are protected against market fluctuations affecting allocations between beneficiaries.

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