19 DEC 2024

IFGL Pensions 2024 year-end cut-off and new business acceptance

Below is a comprehensive list of 2024 year-end cut-off and new business times for IFGL Pensions.

New business and commission payments: For commission to be paid in 2024, pension transfer payments must be received by 13 December 2024. Commission will be paid on payments received after this time during week commencing 6 January 2025.

Pension commencement lump sum (PCLS) payment requests: The final day for receipt and processing of PCLS requests in 2024 for payment prior to 20 December 2024, assuming available funds where applicable, will be 6 December 2024.

Ad-hoc commission payments: The final day for receipt and processing of ad-hoc commission requests in 2024 for payment prior to 20 December 2024, assuming available funds where applicable, will be 6 December 2024.

Dealing in the run up to New Year 2024/2025: Dealing will be available until 9am UK time on 23 December 2024, reopening to receive instructions on 27 December, closing again at 9am on 30 December 2024. Any instructions received after this time will be processed during week commencing 6 January 2025.