The research explores the implications of the Government’s new legislation that ends the effective requirement to purchase an annuity by age 75.

The seminar was chaired by Matthew Annable, PPI Chairman and was attended by 48 people representing a range of interests across the pensions and financial sector.

Tarek Hayfa, Senior Policy Adviser at HM Treasury outlined the Government’s policy objectives in ending the effective requirement to annuitise by age 75 and gave an overview of the Government’s new policy.  Please visit https://www.gov.uk/government/organisations/hm-treasury which sets out the policy and objectives.

Chris Curry, Research Director at the Pensions Policy Institute presented some key results from the PPI’s report Retirement income and assets: the implications of ending the effective requirement to annuitise by age 75.  Please click here to view the report and here to view the PPI's presentation.

Barry O’Dwyer Deputy Chief Executive at Prudential UK & Europe gave an overview of some of the implications of the Government’s reforms for the annuity industry.

Jonathan Lipkin, Head of Research at the Investment Management Association gave a perspective on the implications of the new reforms for the potential use of income drawdown.  Please click here to view the presentation.

Jane Vass, Programme Manager, Private Sector Policy at Age UK gave a perspective on what the new policy might mean for individuals.  Please click here to view the presentation.

Click here to download the write-up of the seminar.

The PPI would like to thank the sponsors of this research report which included: the Association of British Insurers, the Department for Work and Pensions, the Investment Management Association, Partnership, Prudential UK & Europe and Which?