So Where Will Pension Pots Go if Not Into Annuities?

Baker Tilly, a leading national provider of accounting and business services, explores options such as bricks and mortar for your pension pot after the Budget 2014 bombshell.

Now that the dust has begun to settle after George Osborne’s totally unexpected pension’s bombshell, people are beginning to take stock of the longer term ramifications. Not least amongst these is how the 420,000 Britons who usually buy some £14 billion worth of annuities every year are going to respond.

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This is a vast amount of money and it is already quite clear that the annuity providers’ loss is going to be a major gain for certain other industries.…

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