UK - One million DC members are being short-changed by the government's insistence that they buy limited price index annuities, Standard Life claims.
Senior technical manager John Lawson said that, under the government’s current legislation, a 60-year-old man would have to live to 114 before he would have been any better off with an LPI annuity,...
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
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
