Once the Government has confirmed its intentions, there are likely to be more players entering the investment-linked and flexible annuity market to create a more competitive environment
The Government's controversial proposals for annuity reform are unlikely to add any genuine choices to the market. Arguably, however, the problem with the current rules is not a lack of choice but the price investors are prepared to pay to retain flexibility and control. Once the Government has confirmed its intentions, we will hopefully see more players enter the investment linked and flexible annuity market to create a more competitive environment. At present, for the sophisticated investor with a substantial pension fund, the combination of phased retirement or phased drawdown and...
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