UK - Pension providers should be obliged to offer customers access to a market leading guaranteed rate at retirement, says Watson Wyatt in its response to the Inland Revenue consultation paper, Modernising Annuities.
If their own rates are not sufficiently competitive this would mean making the annuity purchase with another provider, said Mike Wadsworth, a partner at Watson Wyatt. Customers would agree to the p...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
