PCLS Suitability Reports
I am looking to find out some information on whether a SR is required each time a client takes income from their pension as a PCLS payment. We are currently moving a client from capped drawdown to flexi-access and in turn taking the remaining part of his PCLS, therefore i am producing a SR. However, for ongoing clients already in FA drawdown, i wasn't sure whether a new SR was required each time PCLS was taken.
Any guidance would be greatly appreciated.