Alternatively secured pension (ASP)

Now defunct, a form of income withdrawal that was available until 6 April 2011 for a member of a registered pension scheme ( www.practicallaw.com/5-201-6474) that was a money purchase scheme ( www.practicallaw.com/0-107-6857) who had reached age 75. ASP was subject to strict statutory limits, both as to the amount that could be paid out to the member each year, and as to the level of death benefits that the scheme could pay following the member's death.

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