11 November 2010
According to a report in Professional Pensions, the
government will publish a formal response to the new pension
annuitisation rules, on the 9th December, following
consultation with the Pensions Industry.
On 22nd June 2010, the Government announced that from
April 2011, it will end the existing rules that effectively mean
that most people have to purchase an annuity no later than age 75,
which will enable individuals to make more flexible use of their
pension savings.
Additional - To veiw the government response click here
