Life firm systems not updated to deal with Age 75 changes

Helen Morrissey
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Thousands of retirees hoping to take advantage of the end of compulsory annuitisation will find many insurance companies' systems are not yet ready to deal with the changes according to Annuity Direct.

As a worse case scenario Annuity Direct chief executive Bob Bullivant said retirees past their 75th birthday will have to move to another pension firm if they want receive income via new drawdown a...

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