Pension Schemes – Consultation on removing the requirement to annuitise by age 75

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The Government announced at the June Budget that it will end the effective requirement to purchase an annuity by age 75 from April 2011.  On 15 July, HM Treasury published a consultation document that sets out proposals to simplify the treatment of retirement savings and reduce complexity for individuals and for pension and annuity providers.

This consultation sets out the Government’s proposals and invites comments on all aspects of the proposed new rules.  The consultation will last eight weeks, ending on 10 September 2010.

Further information:

The Government launches a consultation on removing the requirement to annuitise by age 75

Removing the requirement to annuitise by age 75

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1. Pension Schemes – Normal minimum pension age rises from April 2010
2. Guernsey: State Pension Age – Timetable for increase in pension age from 65 to 67
3. Pension Schemes – DWP consultation on disclosure of information requirements
4. Age Equality Regulations – Government seeks evidence for review of the default retirement age

This entry was posted on Monday, July 19th, 2010 at 12:31 and is filed under Pensions. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.