PPI: Budget changes not necessarily the death of annuities

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The lifting of restrictions on how defined contribution (DC) savers take their pots will not necessarily mean the end of the annuity market, says the Pensions Policy Institute (PPI).

In its paper, Freedom and Choice in Pensions: comparing international retirement systems and the role of annuitisation, the think tank argues there could still be a role for "improved annuity produ...

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