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Industry struggles to predict a future with fewer annuities

DC investment strategies have to change if they’re to be relevant in the new regime

It is too early for Lamborghini to have benefited from UK Budget rule changes that allow retirees to choose how they spend their pension savings.

The Italian sports car manufacturer will have to wait until April 2015 to see if pension minister Steve Webb's suggestion that people should be able to blow their pension on a Lamborghini - or anything else - does actually increase car sales.

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