Free market think tank calls for default annuitisation to protect retirees

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Savers approaching retirement should be defaulted into a not-for-profit annuity broker to protect them from making poor decisions after new flexibilities come in, argues the Centre for Policy Studies (CPS).

In a paper, CPS fellow Michael Johnson - who advocated scrapping compulsory annuitisation in 2010 - warned the policy was "potentially dangerous" unless steps safeguards were introduced. He made...

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