Income

Advisers will have a bigger job on their hands after gender equalisation comes into force this year, indicates research.

FIVE THINGS

The Pensions Income Choice Association (PICA) has pushed Steve Webb to ensure 2.5 million members of trust-based pension schemes are covered by the forthcoming industry code of conduct.

Fixed term annuities can benefit clients in the right situation and should be given full consideration by advisers dealing with clients approaching retirement, according to a report.

Conventional annuity rates have dropped 7% since June and enhanced rates have fallen 5% in the same period, according to analysis from provider MGM Advantage.

More than 30% of people aged over 60 are confused about annuities, research conducted by Age UK has found.

Retirement Planner readers can claim a 10% discount on fees for the forthcoming Henry Stewart SIPPs and Retirement Options conference.

LV= has confirmed its deadline for gender specific annuity business so advisers can take action ahead of the EU gender directive.

Pension savers who do not take advice are more likely to lack retirement planning knowledge and be £200 a month worse off, according to research.

Just Retirement will enable retirees to switch from a fixed term annuity to a different pension if their circumstances change.