Pensions - Articles - PwC comments on changes to joint-life annuities


 Commenting on the tax changes to joint-life annuities when they are passed on to a spouse after death, Raj Mody, head of pensions consulting at PwC, said: 

 "The abolition of the death tax on joint-life annuities will boost the attractiveness of annuities and level the playing field with income drawdown, but on its own it is unlikely to kick start a full scale return to the annuities market once the pensions freedoms come into force next April.

 "The pension reforms from the Budget earlier this year were so transformational that we haven't seen the end of further changes needed to work out loose ends. Today's announcement won't be the last on pensions before next April. And it's unlikely to be all settled by April anyway – we expect another couple of years at least of ironing out the practical details.”
  

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.