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)
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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