Improvements in the open market option(OMO) process could help pensioners gain £3.3bn in extra income by 2030, according to research by the Pensions Income Choice Association (PICA).
If you missed out on yesterday's Spotlight on Long Term Care roundtable you can access it now on IFAonline.
The consultation to end compulsory annuitisation should lead to increased flexibility for retirees. Helen Morrissey asks if this is the case.
Both voluntary insurance and partnership schemes will be considered as possible long term care funding options, according to Health Secretary Andrew Lansley.
The Government today proposed bringing to an end rules forcing pension investors to buy an annuity at a specific age.
The government is set to scrap the requirement to purchase an annuity and abolish alternatively secured pensions.
Britain's optimism about their retirement is lagging behind the USA and Canada according to research from Sun Life Financial of Canada.
Reforming the Age 75 rule will reinvigorate the retirement income market but care should be taken not to undermine the annuity sector, the ABI warns.
Strengthening state pension provision is key to helping people develop a decent income in retirement, according to pensions minister Steve Webb.
Partnership has launched an annuity product enabling people to fund long term care without having to sell their home.