Review retirement provision

Dear Editor, The 2007 Pre-Budget report seems to show inconsistencies in HM Treasury's approach to the decumulation stage of pension planning. Winterthur welcomes the Treasury's review of the open market option. For many people the purchase of an annuity is the right way to secure their retirement income and therefore choosing the best annuity rate and the most suitable structure is vital. The idea of a tool from the TPAS and a review of literature and the provision of further information must be good, but the proof of the pudding will be in the eating. The "Annuity Market" paper issued...