Mark Wood, chief executive of JLT Employee Benefits, predicts annuities will make a comeback and equity release will surge, but retirees will not be better off after the pensions revolution...
With the mists of uncertainty that hung over the moors of Scotland for so long now but a distant memory, we have been focusing our minds on the means by which guidance will be provided free at the point of use. There will be 800,000 or so individuals who will reach retirement age over the 12 months beginning next April. In the run-up to the referendum, institutions as illustrious as Credit Suisse were feverishly predicting the collapse of the euro and the need to immediately fund Scottish pension fund liabilities in full in the event of a ‘yes' vote. For the pensions industry, issues ...
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