Tag Archives for annuities

The potential of workers’ capital in Britain’s economic renewal

Craig Berry

Recent governments have not focused sufficiently on addressing the chronic short-termism of pension fund investments The 2008 financial crisis and subsequent stagnation in the British economy gave renewed prominence to one of its longstanding handicaps. The relative lack of long-term investment can be associated with both the housing market and asset price booms which created significant volatility in the pre-crisis … Continue reading

6 November 2015 by
Categories: British growth crisis, Economics, Politics and policy, Social science, SPERI Comment, Welfare | Tags: , , , , , , , , , | Leave a comment

Pensions, fairness and Lamborghinis

Craig Berry

Budget changes to the annuities market are a lesson in the fallacies of freedom   From April 2015, individuals in defined contribution pension schemes will no longer be required to ‘annuitise’ their pensions saving, that is, turn their pot of savings into a lifelong, regular income by purchasing an annuity product from an insurance company. Boris Johnson’s response typified the … Continue reading

26 March 2014 by
Categories: SPERI Comment | Tags: , , , , , , , , | 3 comments