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RIRC welcomes Turner addition

The Retirement Income Reform Campaign has welcomed the Governments addition of the compulsory annuitisation rule at 75 to the Turner commission.
The RIRC has campaigned for five years to secure this legislative reform in four private members bills and during the debate on the Pensions Act 2004.
RIRC director Dr Oonagh McDonald CBE says: “There is now a real opportunity to build a full political consensus on this issue and to get this much needed reform to re-establish confidence in retirement savings again. I will be seeking meetings with both Alan Johnson and Adair Turner to support them as part of their analysis of the issues.”

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