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Centre for Policy on Ageing | |
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Retirement income and assets
— the implications of ending the effective requirement to annuitise by age 75: a discussion paper | | Author(s) | Daniela Silcock, Daniel Redwood, John Adams |
| Corporate Author | Pensions Policy Institute - PPI |
| Publisher | Pensions Policy Institute - PPI, [London], April 2011 |
| Pages | 86 pp [Retirement income and assets series] |
| Source | Pensions Policy Institute, King's College London, Virginia Woolf Building, 1st Floor, 22 Kingsway, London WC2B 6LE. Website: http://www.pensionspolicyinstitute.org.uk |
| Keywords | Income [older people] ; Assets [elderly] ; Pensions ; Annuity schemes ; Social policy ; United Kingdom. |
| Annotation | The Coalition Government has removed the effective requirement to purchase an annuity by the age of 75; and from April 2011, it will allow people to access their pensions savings in a more flexible way. This discussion paper explores how the new legislation could impact on the risks people face when accessing private pensions savings and on individual outcomes in retirement. It examines income needs in retirement; explores trends in how those with Defined Contribution pension savings access their private pension savings; explores the potential impact of removing the requirement to annuitise by age 75; explores the potential impact of those who earned low or median incomes during their working life. (RH). |
| Accession Number | CPA-160906005 B |
| Classmark | JF: JD: JJ: JFM: TM2: 8 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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