Pension Plan

The reinsurance company Swiss Re recently published a comprehensive report that highlights the risks many societies face as a result of ageing populations and increased life expectancies.

British lawmakers are considering an end to the law that requires many U.K. retirees to purchase an annuity by the time they turn age 75. As an interim step, the U.K Chancellor modified the current law so that the age for compulsory annuitization is increased to 77 from the current level of 75 years of age.

Investment News reports that public officials met with retirement income industry executives at the MetLife benefits symposium in Washington. Part of the discussion focused on the use of annuities in defined contribution pension plans such as 401ks.