DAVID WILLETTS MP, shadow secretary of state for work and pensions, will tonight announce Tory plans to scrap the three-quarters pension rule towards a compulsory annuity, says this morning's Daily Telegraph .
Britain's financial services industry has a £218m bill from the Financial Services Compensation Scheme to bail out victims of mis-selling and insurance company failures, says this morning's Guardian newspaper.
Mortgages could become the new asset class for annuity liabilities when the shortfall in long-term gilts becomes more apparent, suggests the Actuarial Profession.