Give a straight red to active member discounts

The Vision of the Pension Playpen

red card To me, active member discounts are the pension equivalent of the two footed tackle (with all studs showing).

Companies that use active member discounts as part of their “Qualifying Workplace Pension Schemes” get my straight red .

I know I am not the ref – I don’t even want to be the fourth official (look what reffing did poor Bill Galvin!)

I’m the bloke in the stand who goes on 606 and says – “watch it on match of the day!”

Enough football, this blog’s a longun.. (get on with it – ed)

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What are active member discounts (AMDs) and what’s wrong with them?

AMD’s reduce the charge a member pays on a pension contract while they are actively at work for a company. In the case of one large employer whose scheme has a member charge of 0.9% , the charge is reduced to 0.4%pa while the member is “actively in employment”. So far…

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About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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