Income

WORK LIFE

MARGINS

Billy Burrows is to join non-advised annuity broking business Annuity Line as head of business development.

The amount of people planning to sell their property to fund their retirement has risen by 4%, according to research commissioned by Baring Asset Management, making it the highest number since 2009.

DYMOTT'S DIGEST

Aviva has reported a profit after tax of £776m for the first half of this year, turning around a £624m loss for the half year 2012 - but said UK life operating profit fell.

Just Retirement's total annual annuity sales reached £1.34bn in 2012/2013, 12.5% up year on year.

The Financial Conduct Authority (FCA) will push ahead with its annuity market probe, and investigate if providers' profit margins are ‘high', despite industry murmurings self-regulation goes far enough.

Natanje Holt looks at the twin issues of falling annuity values and the recent history of GAD income maximums in drawdown and asks the question: Are we simply going ‘back to the future' rather than looking at a more relevant way of calculating income...

Fewer than one in four major employers say their scheme has a specific ‘decumulation strategy' in place to help retirees get the best annuity, research finds.