Annuity Armageddon?

The jaw dropping changes announced by the Government to the UK retirement income market in this year’s Budget certainly caught the industry by complete surprise. In the consultation document entitled, ‘Freedom and choice in pensions’, the Treasury outlined its vision of a more flexible pensions system that will foster and encourage a culture of savings by offering consumers unfettered access to their pension fund. So from next April there will be no restrictions on a consumer’s ability to draw down funds from their Defined Contribution (DC) pension pot from age 55 and the tax rules will be drastically simplified to allow that to happen.
Hot Job

Revolution Not Evolution: AE for GIP

In a landmark series exclusive to Actuarial Post, Canada Life’s Paul Avis sits down with Editor Ellie Burns to put forward his ground-breaking argument on automatic enrolment for GIP. In the first of three Q&A’s, Paul highlights why AE for GIP is so urgently needed for the market, individual and employer and why it should be regarded as the priority benefit.

What took you so long, George?

With the now well quoted “Let me be clear: no one will have to buy an annuity” the Chancellor focused post Budget commentary on the anti-annuity theme, and the eye watering reaction of insurer share prices following the announcement. The upheaval detracted from the broader more positive message underpinning his proposed pension reforms, which is that properly advised consumer choice will lead to better outcomes for people in their retirement.

Are you championing digital?

Latest World News

Tue, 29 Jul 2014 EU and U.S. announce new sanctions on Russia over Ukraine
Tue, 29 Jul 2014 Israel intensifies Gaza assault, Egyptians revise truce plan
Tue, 29 Jul 2014 Libyan militants overrun Benghazi special forces base as chaos deepens
Tue, 29 Jul 2014 China says investigating powerful former security chief for graft
Tue, 29 Jul 2014 Chinese police shoot dead dozens after attack in Xinjiang
Tue, 29 Jul 2014 IMF warns of potential risks to global growth
Tue, 29 Jul 2014 BP profit jumps but warns of Russia sanctions impact
Tue, 29 Jul 2014 Karzai's powerful cousin killed, worsens strains over poll deadlock
Tue, 29 Jul 2014 Putin may have passed point of no-return over Ukraine
Tue, 29 Jul 2014 Islamic State video wages psychological war on Iraqi soldiers

Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month Travelling Actuary Eve Hartridge takes us to Greece's very own Emerald Isle located in the heart of the Ionian Sea, Corfu.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

  Auto-enrolment for GIP


Actuarial Post's Digital Magazine Issue 39

Exclusive interview: - The Benefits: Auto Enrolment for Group Income Protection

Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS