Misunderstanding longevity risk

Sacha Dhamani says Steve Webb is wrong to claim people with low life expectancy get a bad deal from annuities

clock

On 19 March the annuity market died. Well not quite, but to hear George Osborne's pronouncement that "no one will have to buy an annuity" you would be forgiven for thinking it had.

In reality, the last vestiges of the compulsion to buy an annuity were swept away - and about time too! Annuities remain a great choice for those who would like to protect themselves in retirement ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Contribution

BlackRock sees £60bn shift to custom solutions as schemes look to take greater control

BlackRock sees £60bn shift to custom solutions as schemes look to take greater control

Asset manager says ‘vast majority’ of shift had been around scheme sustainability objectives

Jonathan Stapleton
clock 28 October 2025 • 3 min read
DC Future Book highlights major growth in DC, with assets quadrupling since 2015

DC Future Book highlights major growth in DC, with assets quadrupling since 2015

DC Future Book shows median DC pot sizes reached £15,000 in 2024

Martin Richmond
clock 23 October 2025 • 3 min read
IFM Investors: Aligning pension capital with long-term growth

IFM Investors: Aligning pension capital with long-term growth

Cath Bowtell says the conversation between Australia and the UK around long-term investment is entering a new chapter

Cath Bowtell
clock 23 October 2025 • 4 min read
Trustpilot