Bulk annuity strategies may be too 'aggressive'

Speaking at the Punter Southall panel discussion ‘The Nature of the Pensions Promise’, Mick McAteer, consumer advocate and former principal policy adviser at Which?, says he is concerned companies entering the bulk annuity market could pursue investment strategies which are too ‘aggressive’. He adds he doesn’t want to “tar everyone with the same brush” as some of the offerings in the market could probably work very well for schemes but he says he is very nervous of the whole issue of an insurer taking over pension scheme liabilities. While he says one of his concerns is the shift from t...