Income

Just Retirement has announced a ‘record' 64% increase in annuity sales over the past year.

Scottish Life has posted record new business results for the 12 months to 31 December, with total life and pensions business valued at £2.4bn.

The government should do more to ‘ease the pain' suffered by drawdown pensioners, many of whom will not be helped by the 120% limit reinstatement until 2014, Standard Life has said.

The Pensions Advisory Service (TPAS) is looking to set up a tool on its website to help firms pick an adviser for employees approaching retirement.

Insurance companies such as Standard Life and Resolution could lose out from a Financial Services Authority (FSA) probe into the £11bn annuities market, analysts said.

The Financial Services Authority's (FSA's) thematic review into the annuity market needs to go much further than its current remit to reflect the development the market, a provider has said.

Details of the thematic review of the £11bn annuity market have been revealed by the Financial Services Authority (FSA).

The annuity market will come under investigation by the Financial Services Authority (FSA) later today when a major review is announced.

John Moret assesses the latest income drawdown reforms

Stewart Dick looks at some of the factors contributing to a rise in use of flexible drawdown.