Income

Impaired life annuities could offset ‘unfair' rises in state pension age for groups with lower life expectancy, the pension minister has said.

Failure to shop around for an annuity is costing pensioners £124m per year, Key Retirement Solutions claims.

Nine out of ten advisers report clients using income drawdown are worried about their income potentially falling by as much as 55%, a poll has found.

The parent company of enhanced annuity provider Partnership intends to list the business on the stock market.

Partnership expects to complete a medically underwritten bulk annuity deal within the next few weeks in a transaction believed to be the first of its kind.

The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.

The introduction of Solvency II could see annuity rates, currently at record lows, drop a further 20%, Deloitte has warned.

The average women currently retires on more than £5,500 less than the average man, according to a report released today.

Around £300 million might be brought into the long-term care system by 2025 through the use of disability-linked annuities, according to research.

Eight of the biggest annuity market players cut their rates in May, with Canada Life and Aviva both making a further cut on Thursday leaving retirees with stark options, analysis has found.