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Mercer warns Government on annuities

Consultants William M Mercer has warned the Government that it cannot ignore the annuities question, in its response the stakeholder green paper.


The author of the Mercer response Richard Malone says: &#34At the heart of the problem is the present need, in the majority of cases, to purchase fixed interest annuities at retirement.


&#34The problems of annuities must be addressed and, as part of its consultation process, the Government should harness new ideas within the industry for converting savings into retirement income.&#34

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