Just Retirement has posted full year underlying pre-tax operating profits of £97m, 3% lower than last year.
Stephen Lowe looks at the post-Budget retirement landscape and asks if the guidance guarantee is enough.
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The Chancellor’s pension reforms will see over-55s take out a total of about £5bn from their pension pots after the rules change in April next year, an actuarial firm predicts.
Almost 9,500 income drawdown contracts were written in the second quarter of the year, with the mean pot size dropping to just over £50,000, latest figures from the Association of British Insurers (ABI) show.
Toby Strauss, the chief executive of Scottish Widows, has said the pensions industry is in danger of "breaching its capacity to cope" following the far-reaching changes announced at Budget 2014, unless it is afforded some breathing space by policymakers.
The Pensions Advisory Service (TPAS) - one of the bodies tasked by the government with delivering free and independent guidance on retirees' options - has outlined its plans for how it would be done.
The guidance guarantee should be delivered as a process with various touch points not a one-off token conversation, the chief executive of the Citizens Advice Bureau has said.
Stephen Lowe takes a look at the recent Budget changes and highlights the need for more customer protection.
Two thirds of employees approaching retirement are planning to stay in either paid or unpaid work once they retire from their full-time jobs, a survey suggests.
Many people look to the US and Australia as models of DC best practice. However, are we right to follow their lead when it comes to auto-enrolment? Helen Morrissey takes a closer look.
The choice between drawdown and annuity purchase has been opened up by the Budget changes. Jenna Towler finds out how the retirement investment market might develop...
As more individuals choose to work beyond the state pension age, Andy James weighs up the options for those approaching retirement.
Pensions firm Barnett Waddingham has bought Harsant Services' 2,700-strong self-invested personal pension (SIPP) book for an undisclosed sum.
There is a medium risk of an interim levy on life and pensions advisers from the Financial Services Compensation Scheme (FSCS) due to the volume of claims against self invested personal pension (SIPP) providers, it has said.
Operating profits at Phoenix Group increased to £266m in the first half of the year compared to £186m for the same period in 2013, latest results show.
From April next year DB transfers will be subject to mandatory financial advice. But David Trenner thinks trustees should insist on it immediately.
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