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U.K. Offers More Workers Option of Lump-Sum Payment in Lieu of Lifetime Annuity
Reuters Link to more items from this source
July 21, 2014
"Britain will give more workers a choice to cash in their pension savings ... [T]hese rights would apply to more pension schemes than originally planned, taking the total number of people affected to 18 million, over half the workforce.... Companies which sell annuities will also be able to sell more complex products that do not pay a constant income and allow one-off lump-sum withdrawals. Some industry experts fear that people may be sold unsuitable investments."

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