Pensions reform to decrease need for joint life annuities

When asked by a delegate at the Marketforce Future of Life and Long Term Savings conference how to increase uptake of joint life annuities the minister said the introduction of the flat state pension coupled with auto-enrolment meant women would be building good levels of pension in their own right. "I'm not sure I'm as troubled by this issue as you are as there is increased focus on individuals developing good pensions in their own right," he said. "We've moved on from the days when the husband had the pension and a wife had a husband." However, Legal & General's pensions strategy di...