Annuity change on cards

By Jenne Mannion Those in occupational pension schemes could be allowed to buy investment-linked annuities by the end of the year. The increase in flexibility, first reported in Investment Week last week, does not apply to the protected rights portion of the pension as yet, although this might change in the future. Last month, when replying to a parliamentary question, pensions minister Jeff Rooker said the change would be introduced through amendments to the Child Support, Pensions and Social Security Bill. He said: "We asked for views from the pensions industry, employers and the publ...