City A.M. cites CPS report on retirement funding

City A.M. cited the CPS report Auto-Protection at 55 in its story discussing Britons’ fear of running out of money for their retirement.

To read the full article, visit the City A.M. website. 

“Pensions reforms due to start this year will let individuals do as little, or as much, as they like with their pension.

Many people with defined contribution pensions will no longer be obliged to buy an annuity, guaranteeing some income for the rest of your life.

A number of think-tanks have also warned over the reforms, saying they could lead to less retirement income.

A report released by the Centre for Policy Studies called for the creation of a so-called “annuities auction house”, which would be used by savers who haven’t decided or don’t know what to do with their pensions.”

To read the full article, visit the City A.M. website.

Date Added: Friday 27th February 2015