'Cultural shift' needed to stop saver apathy

clock •

Stripping insurers of their right to sell annuities at the end of a policy term would force retirees to shop around, experts claim.

Firms have had a regulatory obligation to inform policyholders about the open market option since 2001. But latest figures from the Association of British Insurers show that nearly 70pc of retire...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Uncategorised

Uncategorised

Alternative investment: reducing food losses

Klaas Smits of Robeco believes reducing food losses will play a key role in the efforts to feed the world's growing population

Klaas Smits
clock 03 October 2011 •
Uncategorised

Bulgarian private pensions moving some funds to state control

BULGARIA - Bulgaria's private professional pension funds will put 20% of their assets under state control to cover early retirement until 2014, Prime Minister Boiko Borissov said.

Elizabeth Konstantinova at Bloomberg News
clock 01 November 2010 •
Uncategorised

Bulgaria raises Pension contributions to cover budget deficit

BULGARIA - Bulgaria has raised obligatory contributions paid by employers and workers to the state pension fund by 1.8 percentage points to cover the widening budget deficit.

Elizabeth Konstantinova at Bloomberg News
clock 20 October 2010 •
Trustpilot