Member

I will not go into this in detail, but I am advised that the Government Actuary’s Department note offered to members at the time did not imply a guarantee. The GAD note referred specifically to a risk that the AEAT pension scheme could fail and did not seem to compare levels of risk across the different options. The note was not intended as advice and made it clear that the information provided was not intended to suggest that any one course of action was better than another, and it did not take into account people’s individual circumstances. The note indicated that people should seek their own independent advice.