Income

Annuity rates fell by an average of over 1.5% in the latter half of 2009, according to figures from MGM Advantage.

Pensioners who take the open market option (OMO) are around 50 times as likely to benefit from an enhanced annuity as those sticking with their pension provider, ABI figures have revealed.

Enhanced annuity sales fell 7% in the third quarter of 2009, in line with industry expectations.

Less than 3,000 people have taken out an alternatively secured pension (ASP), according to AJ Bell.

An IFA has accused annuity providers of failing to treat customers fairly if they continue to offer the products at well below leading rates.

Former head of marketing at Lincoln Financial, Simon O'Connor, has left the firm following its purchase by Sun Life of Canada.

A quarter of advisers feel they are unable to take advantage of growing opportunities in the annuities market because they lack the skills to make it profitable.

Sun Life of Canada has reduced the allowable level of equity exposure for its income guarantees.

Colin Bell discusses the findings of the Retirement Planner at-retirement research

With income drawdown complaints on the rise Fiona Tait takes a look at why this may be and attempts to explode some myths around this product.