UK - Towers Perrin is urging the pensions industry to back a hidden proposal in the Green Paper that could overhaul rules governing when and how retirement income can be taken.
The consultant said the Revenue has confirmed, although not well-highlighted in its consultation paper, there would no longer be a requirement to purchase an annuity at age 75. Instead, the requ...
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
