The troops have stormed the castle, the revolution is approaching its climax and the campaign to abo...
The troops have stormed the castle, the revolution is approaching its climax and the campaign to abolish the compulsion to buy annuities senses victory. But, before we do away with the present system it would be sensible to have something to replace it. Nobody has yet put forward a credible alternative. There are only two ways to pay out income from a pension fund, one is an annuity, the other is drawdown. If annuities are out of favour, is drawdown in favour? One week the press are talking about the misery of annuities, the next week they will be talking up concerns about a scandal over ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
