'Potential retirees hostile to annuities'

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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...

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