Axa highlights government pensions opportunity
www.moneynews.co.uk > Pensions > Axa highlights government pensions opportunity
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Axa highlights government pensions opportunity
Thu 17th Jun 2010
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Steve Folkard, head of pensions and savings policy at Axa Life, said removing the requirement for people to purchase an annuity by the time they reach 75 should encourage people to take more responsibility for their retirement income.
He said the current situation, in which people have to work for longer or retire on insufficient incomes, will worsen if state pension age increases are brought forward as expected.
"With a new coalition government in place, we have a unique opportunity to make the case for rule changes that will help to reinvigorate a savings culture," Mr Folkard commented.
Earlier this month, Axa unveiled a new financial planning tool supported by its partnership with software developer Voyant.
Created for users of the Elevate platform, the Voyant Adviser service helps finance professionals to forecast their clients' income, expenditure, assets and liabilities.
Click here for more pensions news
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Related News : AXA |
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