The tide is turning

I have been at a number of meetings and conferences recently where people have spoken about the need to abolish compulsory annuitisation at age 75. Now, this could be a slip of the tongue or it could be a sign that many do not regard the alternatively secured pension (ASP) regime as having much of a future or being of much practical use. Just to recap, at age 75, ASP requires a minimum income of between 65% and 90% of Government Actuary's Department rates, with GAD rates being restricted to those applicable for a 75 year old, even as the client gets older. As an aside, age 75 does see...