Income

Industry experts discuss some of the issues highlighted at our recent Retirement Planner Forum event

More than seven out of ten IFAs expect to sell more third way products in the future but require more training on the products, according to threesixty.

A flood of income drawdown investors have requested annuity quotations as a result of the banking bail-out, according to Living Time.

The highest annuity rates for six years combined with increased longevity could boost pension income by 10%, but rates are ‘unlikely' to climb further, according to Annuity Direct.

The ABI (Association of British Insurers) is set to launch a new industry-wide electronic information exchange in December which should help cut OMO payment times to an initial 30 days.

Hornbuckle Mitchell has urged the Government to confirm it has shelved its tough stance on Alternatively Secured Pensions (ASP) and no longer considers them a ‘loophole'.

Living Time has warned the Treasury not to use the current economic turmoil as an excuse to drop the promised OMO update from the forthcoming Pre-Budget Report.

Hornbuckle Mitchell (HB) has called on the Government to confirm it has formally dropped its tough stance on the use of an ASP at age 75.

A ‘blanket rule change' of the age limit for annuities will not help solve the real issues affecting UK pensioners, according to MGM Advantage.

Calls to temporarily end forced annuitisation at 75 do not nearly go far enough, according to Skandia.