Chancellor of the Exchequer Philip Hammond promised to ‘unlock’ the “untapped firepower of defined contribution pension schemes.”
A poll of pension experts has found that 73% expect annuities to remain a key part of retirement planning.
The OFT has agreed with business and The Pensions Regulator (TPR) on reforms to the £275bn defined contribution (DC) workplace pension market after it found some savers fail to receive "value for money."
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