Retirees with small pots should be allowed to draw down savings as fixed-term pensions to enable them to defer taking a state pension, says the Association of Consulting Actuaries (ACA).
In its response to the Association of British Insurers' (ABI) consultation A New Retirement (PP Online, 14 November), the organisation said this could integrate state and private pensions more effe...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
