Risk warning on scrapping age-75 rule

In its response to a government consultation, the PPI says it welcomes the move to scrap the age-75 rule, but urges the government to take steps to mitigate the risk pensioners are exposed to. "The government's proposed approach to removing the effective requirement to annuitise by age 75 would give people greater choice at retirement, but it could also pose significant risks to individual's retirement income if people are poorly advised or simply do not understand," says Niki Cleal, PPI director. "The government will need to ensure that its new approach minimises the risks of individ...