Now that it is no longer compulsory to take an annuity post age 75, how popular will these be, what form will they take and are the alternatives viable options for the average earner?
Change is afoot for the annuities market as it is now no longer compulsory to buy one at the age of 75. However this market will continue because for most people alternative options are not likely to be affordable. New annuity products should come to market, while there are also under-used existing products that could benefit retirees. Andrew Oliver, director of the annuity bureau tells Investment Week how this market is going to shape up in the coming years. Now that it is no longer compulsory to take an annuity post age 75, how popular will these be? Annuities are not likely to be a wel...
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