Following evidence from Citizens Advice outlining that the new system
increases debt and
financial insecurity for recipients, the current work and pensions secretary David Gauke has been advised to delay the systems full roll out and shorten waiting times for first payments.
In a recent article in the New York Times, Jean Chatzky, the
financial editor for NBC's Today Show, offered some insight into how deferred annuity products like indexed annuities are poised to make a difference in the
financial future of a class of retirees facing a number of unique issues such as
increased longevity and
insecurity in pensions and social security.