Just Retirement notes the proposed reforms to the retirement income market in today's Budget statement. We support the chancellor's comments that annuities have a positive role to play in helping customers secure a guaranteed income for life.
Just Retirement also welcomes changes in legislation which improve flexibility for retired people.
Proposals to ensure that all consumers will receive guidance at retirement are clearly a positive move in improving customer outcomes. This could suggest an increase in the numbers of customers shopping around using the open market option.
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