PBUK 2015: UK needs annuities for retirement income

Michael Klimes
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UK retirees will suffer if 'freedom and choice' causes the collapse of the annuity market, says Tor Financial managing director David Harris.

Speaking at the Pensions and Benefits UK, Harris said HM Treasury "needs to wake up" and realise the importance of annuities in tackling longevity risk. With the number of old people continuing ...

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