Question: In light of the current market turmoil should the government look to amend the age 75 rule to give investors the opportunity to recover any losses?

Nick Bladen is head of marketing development at Skandia The call from the Conservatives to amend the age 75 rule is welcome but it needs to go further. People don't have to buy an annuity at age 75 because they can choose to take out an alternatively secured pension (ASP) contract which enables them to continue in income withdrawal beyond age 75. However, the income limits and tax treatment within ASP contracts are too restrictive and the rules should be amended so that the income withdrawal rules are the same whatever age you are. Pension investors are being hammered on all fronts with fa...