More criticism of today's Bill

RIRC says the government has failed because it has not sufficiently addressed the issue of annuity reform. It particularly criticises what it sees as a lack of commitment to changing outdated and inflexible annuity rules. Instead the government focused on savings rather than retirement income. RIRC notes that the issue has been ignored in both the Pensions Green Paper and the subsequent Bill now published. NAPF chairman Terry Faulkner says the Bill fails to “address fundamental weaknesses in the UK pensions system in the longer term”. Promoting greater protection of schemes and ...