ASP could go in gov't technical paper

In its summary of responses to the pensions white paper, the government says it will be publishing a technical paper later this year which will set out its policy on “drawing an income from a pension in retirement”. The government says the technical paper, which the industry expects before the pre-Budget Report, will respond to the Pensions Commission’s recommendations in this area, which included encouraging later annuitisation and consideration of changes to develop a market for drawdown products. However, it points out the paper will also highlight the latest developments in the market...