Income

ENHANCED ANNUITIES

Insurance giant Legal & General (L&G) has reported increased operating profit of £1,087m following double digit sales growth.

Aspire to retire has signed up to provide the 400+ members of the FINANCIAL network with a non-advised annuity service.

LV= has confirmed it has gone live today on quoting income drawdown business at 120% of GAD.

Annuity specialist MGM Advantage, a mutual society, has been sold to private equity firm TDR Capital.

Network Intrinsic has questioned whether the stigma surrounding with-profits funds may be forcing clients into unsuitable products when they come to fund their retirement.

In this week's quick fire poll we ask: Do you think the ABI code should 'go further' to protect consumers?

The Pension Income Choice Association's (PICA's) adviser directory for retirement clients will list IFAs, restricted advice firms and bank advisers, it has confirmed.

The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.

Annuity Direct has warned the Association of British of Insurers' (ABI) code of conduct on annuity purchase will not be ‘strong enough' to protect consumers or encourage shopping around.