The landscape has changed with the chancellor’s bombshell last March. For policyholders, actuaries, and providers there are still more mines to be found and navigated in this complex regulatory and fiscal landscape.
Tim Bateman is a partner at accountancy firm Mazars
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Key points
The Budget announcement changes the landscape considerably for all DC policyholders and actuaries.
While annuities have had a bad press from regulators and commentators alike they have acted to remove all risks around investments, longevity and tax.
There are significant risks here for policyholders to make poor choices unless they get access to good advice.
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