Income

Workers approaching retirement could be hit by significantly weaker annuity rates as the eurozone's economy enters a technical recession, an adviser group has warned.

Annuity rates failed to recover from their continued poor performance last month, according to Alexander Forbes Annuity Bureau.

Stewart Dick explores the unwritten rules surrounding income drawdown and warns that these shouldn't cloud an investor's decision.

AJ Bell has outlined its plan to overhaul the income drawdown regime to make it fairer for consumers.

New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.

G-DAY

The over 60s are saddled with the highest levels of overdraft debt, according to research from the Consumer Credit Counselling Service (CCCS).

Just Retirement has reported record sales of annuities and equity release mortgages totalling almost £1.5bn and increased its operating profit by 15.7% to £87.1m.

Old Mutual is to launch a range of at-retirement products, in a bid to rival upscale wealth managers like St James's Place.

Self-employed people who plough their income into their business and dismiss retirement planning are taking a risk, research has suggested.