Adviser > Individual > Drawdown > Qualifications/Crystallising protected rights funds
Qualifications/Crystallising protected rights funds
Is it true that I need to have J04 in order to carry out drawdown business?
Unless the source of the money is an occupational scheme the FSA does not require an adviser to hold J04 to effect drawdown business, however individual IFA firms may have their own requirements (especially in the case of networks). It is best to speak to your own compliance department.
Is it possible for my client to crystallise Protected Rights (PR) funds before Non-Protected Rights (NPR) funds?
No, your client must not crystallise PR disproportionately to NPR.
For professional advisers only
