About 12,000 pensioners who hold annuities with Legal & General (L&G) have been left without their regular payouts after a technical blunder.
MetLife is gearing up to sell its bulk annuity arm in a deal worth hundreds of millions of pounds, according to Sky News.
The new drawdown rules will undoubtedly bring much needed relief to many pensioners. Now that the detail has emerged regarding how these changes are to be implemented, advisers can start planning what action is needed says Adrian Walker.
Fiona Murphy looks at the implications of an FSA review on shopping around for the annuity market
UK enhanced annuity sales reached £4.48bn in 2012, an increase of 49% from the previous year, according to research from a pension consultant.
Aviva is extending guarantees and offering an increased value protection period on annuities.
Enhanced annuity provider Partnership Assurance is set to be floated on the stock exchange in a £1bn listing, according to the Sunday Times.
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.