Chancellor George Osborne’s plans to shake up the personal pensions market from next April have created quite a stir in the investment world.
The damage done to the share prices of annuity providers suggests that markets believe that most people will no longer swap their pension pots for an income for life when they retire, and will look to take charge of their own money instead.
However, it might not be as cut and dried as all that. These changes are a good thing – they should make the retirement planning process more transparent and, hopefully, cheaper. But creating a [...]
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