Has the NAPF got annuity reform wrong?

The NAPF has set out its viewpoints on the success of the open market option (OMO) so far, highlighting its perception of financial advice, and even challenging the Association of British Insurers (ABI) to up its game on consumer outcomes. It has proposed radical reform of at-retirement rules for providers. However, some advisers have said the NAPF has a skewed perception of the problems retirees with small pots face on the ground. The NAPF’s view The NAPF published a report in conjunction with the Pensions Institute (PI) which claimed retirees were losing £1bn per year in future...