* UK to scrap requirement for pensioners to buy annuities * Finance ministry sees little immediate market impact LONDON, July 21 (Reuters) - Britain will give more workers a choice to cash in their pension savings, the government said on Monday, expanding reforms set out earlier this year that hit insurers' share prices. Finance minister George Osborne caught Britain's pensions industry by surprise in March when he said he would scrap a rule forcing many people to buy an annuity, a financial product which converts a retiree's pension pot into a guaranteed income.
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