Back in March 2014, George Osborne uttered the words “Let me be clear: no one will have to buy an annuity”. These words have now become a reality. The AIC welcomes the decision to allow pension savers freedom over how they take an income in retirement.
Pensions, of course, are all about the long-term, which is where investment companies have such a strong story to tell. But the Chancellor’s decision is also likely to bring into focus the unique advantages investment companies have in delivering a higher or growing income.
That is why we have launched our new ‘Freedom in pensions’ series of research, articles and videos. We will be looking at a wide range of angles to the pensions reform in the coming months so make sure you check back regularly.
If you are new to investment companies, you might like to start by reading our new consumer Guide to getting started to learn the basics.
Highest yielding investment company sectors
How investment companies can meet your income needs
Ian Sayers blog: Annuities - accept no substitutes?
Consumers will welcome tax reduction on pensions inheritance
Consumers look forward to brave new pensions world
AIC pensions research at a glance
Self-Invested Personal Pensions guide