The Work and Pensions Committee has recommended that every pension provider offering a drawdown product must, by April 2019, offer a default decumulation option to ensure savers get the best deal in retirement.
In the report Pension freedoms, the committee said automatic enrolment has been a "tremendous success" at bringing millions more people into pension saving, but added there was little evidence to suggest...
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Avoidance, evasion and non-compliance
From 6 April 2019