nottheaverageactuary

Actuarial news and views from Cape Town and beyond

UK to scrap compulsory annuities

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below is a link from the guardian, something i just came across that might be interesting for not the average actuary.

england has decided to allow people to have complete control over their state pensions they will no longer be forced to purchase annuities but can takeout all their state pension and do as they please with it.

http://www.theguardian.com/uk-news/2014/mar/19/chancellor-scrap-compulsory-annuities-pension-overhaul

Tafadzwa

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