Pensions

Five reasons I might sell my annuity

The government is being urged to ban defined benefit to (DB) to defined contribution (DC) pension transfers to minimise "complexity and confusion" once the 6 April retirement 'freedoms' are rolled out.

Annuitants drawing an income from small retirement funds are most likely to sell their contracts, among those in favour of proposals permitting them to do so, according to research.

Almost half of those approaching retirement are not aware of a free government service launched to help them understand the pension 'freedoms' announced at last year's Budget, according to a poll of 1,000 people.

Controversial proposals to allow existing pensioners to sell their annuities for cash - and insurers to compete for the contracts - are to be discussed by ministers this week ahead of the 18 March Budget, according to reports.

HSBC Global Asset Management has introduced a range of multi-asset retirement funds for the defined contribution (DC) pension marketplace.

...clients will call you about this week

The Financial Conduct Authority (FCA) and Department for Work and Pensions (DWP) have issued a call for evidence on which costs should be included in annual charge disclosures on workplace pension schemes, as part of a project to allay savers' fears about...

Labour will cap the pensions lifetime allowance at £1m and restrict the annual allowance to £30,000 to help fund a £2.7m reduction in tuition fees if elected, it has announced.

Second-hand SIPPs: How to switch provider