Govt rethinks 'confusing' guaranteed annuity rate valuations
Valuing safeguarded benefits too complex
The valuation processes when assessing guaranteed annuity rates is to be simplified meaning fewer people will be required to take financial advice before giving up their safeguarded benefits, the government has said.
Since pension freedom was introduced, in April last year, people with a guaranteed annuity rate valued at £30,000 or more have been forced to take financial advice before giving up the benefit. It was...
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