illustration requirements

Hi guys,

I was wondering what the expectations are regarding providing illustrations where a client has an existing SIPP and just wants to make a top-up. COBS doesn't seem to cover this point at all and there is a bit of discussion around this point. thanks!


  • My understanding was that pensions and bonds always need illustrations. 360 recently confirmed that to us.
  • A charge disclosure is required where charges are made (obviously), so what EXTRA charges will be incurred as a result of a new contribution?

  • NathNath Member

    Yeah our understanding is that illustration would be required, but COBS says no suitability report oddly for top ups (appreciate networks/firms may have alternate views on this though).

Sign In or Register to comment.