UK - The government is "short-changing" DC scheme members by omitting them from rules which ensure they have a choice of annuity, says the Annuity Bureau.
New rules which are to be introduced on September 1 will force life offices to explicitly inform members of their right to buy an annuity from any life office and not just their existing plan provi...
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
