The government is the biggest rival annuity providers face in delivering retirement income products to consumers, according to Barnett Waddingham.
This is after a raft of reforms, including axing the death tax on pensions and Budget freedoms, which have made annuities less attractive to savers, according to senior consultant Malcolm McLean (p...
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
