Chancellor George Osborne's radical changes to pensions are expected to usher in a new era of invention in the defined contribution (DC) space. While some fund managers are giving existing products a new spin, others are looking to assemble completely different solutions, finds Lynn Strongin Dodds...
Industry estimates suggest the surprise pension changes announced back in March will reduce the size of the UK's £12bn-a-year annuity market by between 70% and 90%. A new survey by State Street - which...
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