Pensions Bill: 'IFAs need a fine tooth comb'

Scottish Equitable's director of pensions development has highlighted what is perhaps perhaps the most debated amendment within the Bill - that on annuities - suggesting if anything it has raised expectations of people planning to purchasing annuities in future. Ritchie says he is encouraged by the legislation maintaining the compulsion to buy an annuity by age 75. Another point he says IFAs will need to go over is the Pension Protection Fund (PPF), established to protect pension scheme members when their employers go insolvent. The scheme goes hand in hand with a Financial Assista...