June 2, 2010, Featured Articles
Short Life Expectancy for U.K.’s Annuity ‘Mandate’
Britain’s new ‘Lib-Con’ coalition aims to stop forcing retirees to annuitize their savings. It could be a step toward U.S./U.K. policy convergence.
Politicians tend to exaggerate. Take, for example, this statement from the new “Lib-Con” coalition now governing Great Britain: “We agree to end the rules requiring compulsory annuitisation at 75.”
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