The government will scrap the rule which creates an effective obligation to purchase an annuity by age 75.
In a document published alongside today's Budget, the government said it would scrap the so-called age 75 rule from April 2011. It said a consultation on the detail of this change would be launc...
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
