UK annuity reforms may squeeze insurers' appetite for illiquid assets

Allocations to infrastructure and property expected to reduce following Budget


The UK government's plans to reform the pensions market will reduce annuity providers' risk appetite for long-dated, illiquid assets, say market participants.

Chancellor Osborne announced a series of changes in his Budget speech on 19 March designed to give workers enrolled in a defined contribution pension scheme greater control over their money on retirement.

The flagship announcement was the scrapping of the 55% tax levied on retirees who opt to withdraw their entire pension pot at retirement

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: