Discussion of taxation implications of money back guarantees for annuities.
The move away from final salary schemes does not have to be a disaster at all. Dr. Altmann believes the demise of DB was always inevitable for private companies and final salary schemes are not always as good as they are currently thought to be.
These are two slides which demonstrate examples of the regressive effect of tax relief on pensions and possible contribution to inequality of wealth among the elderly.
Discussion of points relevant to Open Market Option for annuities.
This article appeared in aFinancial Adviser’ in April 2002, discussing Dr. Altmann’s proposals for reform of annuities – to try to ensure that those with moderate or smaller capital sums still are able to obtain good value from their annuity.
This note discusses the reasons for closure of DB schemes, how the trend may be slowed and what we need to do to ensure DC works better in the UK.
This is the response which Dr. Altmann submitted to the Inland Revenue’s aModernising Annuities’ consultation in March 2002.
Recommendations for changes in policy to encourage savings through the lifecycle.
Illustration of differential in annuity rates in the market place.