Thursday 12th November 2015; 08:30 (for a 09:00 start) – 11:00; ILC-UK, 11 Tufton Street, Westminster, London, SW1P 3QB
In 2014 the UK Government announced radical proposals which now allow people to withdraw money from their pension pot from age 55, subject to their marginal rate of income tax in that year.
The main effect of this change will be to put more onus on the individual to ensure they manage their resources to last for their retirement and also removes the obligation to annuitise their funds at any future age.
During this ILC-UK Centre for Later Life Funding debate, Professor Les Mayhew of Cass Business School presented a new paper which explores how individuals can best use their pension pots to align them with their own personal financial objectives and longevity risks.
Industry representatives, including Trevor Llanwarne (Trustee, ILC-UK), Steven Baxter (Partner, Hymans), and Jackie Wells, (Head of Policy and Research, NAPF) responded to the paper by Professor Mayhew, and the audience debated the report's findings.
To view Professor Les Mayhew's presentation given at the launch, please see below.