The government must give consumers more choice on how they take their retirement income, the Investment Management Association urges.
The trade body said its research had demonstrated how non-annuity investment products could provide a lifetime income for retirement – and called on the government to offer more choice to consumers. ...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.