Retirement Finances

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.

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Annuity

Annuitization

Compulsory Annuitization

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Glossary:

Annuity

Annuitization

Compulsory Annuitization

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Sequence of Returns Risk Report

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Sequence of Returns Risk

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Financial Planning

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Retirement Sustainability

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Putnam CEO Sees Market for Annuities and Other Retirement Income Products Reaching $5.5 Trillion by 2020

Putnam Investments President and CEO Robert Reynolds has been a consistently vocal advocate of retirement reform. Reynolds believes that the retirement planning landscape requires revamping so that annuities and other sources of guaranteed retirement income play a more prominent role. During a recent industry conference, Reynolds discussed the notion of a "product allocation" in the context of retirement finances: A crucial part of the reform effort is helping to protect workers` savings as...

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