UK - Legal & General's decision to increase the minimum fund value for individual annuities from £1000 to £5000 has sent shockwaves through the consulting industry.
Consultants say the move means many retirees of defined contribution schemes will have nowhere to turn to cash-in nominal pensions savings. Jardine Lloyd Thompson said it was concerned about the...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
