Altmann says Solvency II will hit personal accounts

Pow, Helen
August 2009
Money Marketing;8/13/2009, p3
The article reports on the assertions of pensions expert Ros Altmann that Solvency II proposals will reduce the retirement income from personal accounts by 20% in 2009 in Great Britain. Altmann asserted that the government must factor this in when it comes to differentiating the number of persons who will benefit from saving into personal accounts. Aon Corp. senior consultant Richard Strachan said that decreasing levels of annuity income will result to more personal accounts opt-outs.


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