PADA: Lifetime annuity likely to be most appropriate personal accounts option
A lifetime annuity or trivial commutation is likely to be the most appropriate decumulation option for personal accounts members, PADA says.
The Personal Accounts Delivery Authority published responses to its consultation on decumulation - Building Personal Accounts: Securing a Retirement Income - today. It said there was also general acknowledgement...
Latest stories
DC musings: The future of UK retirement income drawdown products
Newton Investment Management's series of DC columns continues with Gerald D Rehn of BNY Mellon forecasting innovation in the market
PIC invests £60m in residential housing association
Pension Insurance Corporation (PIC) has agreed to a 30 year debt investment in Phoenix Community Housing, a not-for-profit, resident-led housing association in London.
Royal London to offer customers 'actuarially fair' GAR swap
Royal London has announced plans to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot, subject to High Court approval.
Salvus consolidates £7m Complete Master Trust
The Salvus Master Trust will welcome another 1,200 members and 20 employers as it absorbs the £7m Complete Master Trust.