Filed Under:Annuities, Fixed Indexed

Look for looser annuity rules in flexible-pension drive

(Bloomberg) -- The U.K. Treasury will offer more detail on rules that will govern annuity products as part of its drive for more-flexible pensions.

Chancellor of the Exchequer George Osborne said in his March 19 Budget statement that he wanted to change the culture of pensions saving, abolishing rules that require most retirees to buy an annuity.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Nichole Morford

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