Campaign
for Fair USP
The government is committed to removing
the need to buy an annuity at age 75. This will mean that people can
leave their fund invested but take an income from the fund. This will be
attractive...
...but FUSP
is concerned that people have an accurate calculation of the risk that this
poses to their income so that they can make properly informed decisions as to whether this route is right for them.
The present way in which this assessment is undertaken is,
in many cases misleading, meaning that people will actually be worse off
as a result of a change that in principle is extremely welcome.
It gives
more flexibility and on the face of it is highly attractive. However to
make an informed decision the client needs to have the risk quantified
accurately.
This site is intended to be a platform on which the ideas behind the Annuity Direct campaign for Fair USP can be discussed. Under no circumstance is this information contained on this site, or the views expressed by individuals, intended to constitute Financial Advice. If you are indeed seeking financial advice, please contact Annuity Direct by visiting the main website here.