Retirement income rules not fit for purpose - ABI

In its latest paper, 'Time for Change: Seven proposals to improve DC pension benefits in retirement', the lobby group also called for increased income allowances for alternatively secured pensions (ASP). ABI acting director general Maggie Craig says the changing pensions landscape, with retired people living longer and becoming increasingly reliant on defined contribution (DC) pensions, means the rules surrounding retirement income are out of date. The ABI has made a number of major proposals to increase retirement income and make the market more flexible. As well as demanding an ...