(This archived guidance relates to HMRC discretionary
practice before the 6th April 2006. For current guidance on
Registered Pension Schemes see the Registered Pension Schemes
Manual)
Some insurance policies, such as whole-life policies, are
generally unsuitable for funding retirement benefits, and
investment in them should be discouraged. Endowment policies may
produce excessive benefits on the death of a member (see
PSI20.3.21 for the
conditions we attach to their use).
