Is retirement reform heading in the right direction?

The flexibilities announced in the Budget have been largely welcomed by the industry. It is expected that retirees will remain invested for longer and will annuitise later, if at all. Many have pointed to the experiences of other big DC markets such as the US and Australia -both markets where annuities play no real part - as something to emulate. However, almost six months on from Osborne's announcements concerns have been raised as to whether the UK is going down the right path amid concerns that many retirees could run out of money. In addition, we have seen calls in the Australian ...