Chancellor George Osborne's radical changes to pensions are expected to usher in a new era of invention in the defined contribution (DC) space. While some fund managers are repackaging existing products with a new spin, others are looking to assemble completely different solutions, says Lynn Strongin Dodds.
Industry estimates show that the surprise March rules will reduce the size of the UK's £12bn-a-year annuity market by between 70% and 90%. A new survey by State Street which canvassed 57 senior ...
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