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Hargreaves chief: Future of standard annuities in doubt

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Hargreaves chief: Future of standard annuities in doubt

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  • Hargreaves Lansdown’s chief executive Ian Gorham has said the reform of the rules around annuities in yesterday’s budget is long overdue.
  • Gorham, speaking to Investment Week, said the changes had come as a surprise, but he welcomed the overhaul of the annuities market.
  • The annuities market had already been splitting in two as investors looked more at drawdown products, and Gorham said the changes could spell the end for standard annuities.

Read the full story here on Investment Week

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