Income

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.

The cost to small employers of setting up advisory services to help staff choose an appropriate annuity, as well as the lower profits available to advisers on small pots, are preventing employees from getting the best deal, the National Association of...

The Financial Conduct Authority (FCA) will begin requesting data from annuity providers as part of its on-going investigation into the market.

Employers and trustees are failing to provide support for scheme members to choose retirement products, the National Association of Pension Funds (NAPF) says.

Divorcees can expect to receive £2,600 - or 16% - less income in retirement compared with people who stay married.

Private equity firm Phoenix Equity Partners has bought a £35m stake in Key Retirement Solutions (KRS).

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The industry must do more to support employees making retirement income decisions says The Pension Regulator's chairman Michael O'Higgins.

The number of people aged 65 and over in work has topped one million for the first time, figures published by the Office for National Statistics (ONS) show.

Annuity rates have declined by 29% since the introduction of the Bank of England's quantitative easing programme, AXA Life Europe has found.