I've heard relatively little about the hit taken by ARF holders in the current market environment.
In fact the only point I've heard made regularly is that guaranteed annuities are bad value!
Is it not time that pensions legislation removed the option of the ARF and tackled the real problem by stipulating that all pensions should involve lifestyling i.e. they switch into safer assets pre retirement?
In fact the only point I've heard made regularly is that guaranteed annuities are bad value!
Is it not time that pensions legislation removed the option of the ARF and tackled the real problem by stipulating that all pensions should involve lifestyling i.e. they switch into safer assets pre retirement?