UK - A majority of people in the UK would not convert their pension savings into an annuity if it were not mandatory to do so, according to consultants Watson Wyatt.
Research by Jonathan Gardner and Mike Wadsworth found that nearly 60% said they only bought an annuity because they had no choice in the matter. Most of those unwilling to annuitise said that th...
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