The 2014 Pensions Bill provides a different regulatory framework for DC pension schemes. The bill signals change, setting out additional options for occupational pensions to share risks. It also changes the way people can access their pensions by abolishing the effective requirement to buy an annuity. People’s attitudes towards retirement are changing, and the transfer of risk is being shared among providers, advisers, and individuals.
This article was published in FT Adviser.
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