Best of British? How overseas annuity markets stack up

The industry is clamouring to decipher how well the annuity market will fare in the wake of this year's Budget. Chancellor George Osborne's announcement that retirees would be able to take their entire defined contribution (DC) pension – subject to tax – as cash has led to fears that demand for annuities will plummet. The Pensions Policy Institute (PPI) has produced a report examining the global pensions landscape and what it can teach the UK about people's at-retirement choices. Freedom and choice in pensions: Comparing international retirement systems and the role of annuitisation look...