Income

Partnership has launched an enhanced annuity which guarantees income for life but also gives retirees the chance to change their mind after 12 months.

Just Retirement is "rapidly adapting" its business model to accommodate changes to pensions announced at Budget 2014, after disclosing annuity sales are "at around half of pre-Budget levels".

Life insurer Friends Life has reported a "limited immediate Budget impact" on its retirement income business but said it expects annuity sales to drop by up to 70% in the medium term.

The Financial Conduct Authority (FCA) is considering ways it can make it clearer to consumers when they are buying products on a non-advised basis online, as more web-based advice solutions are developed.

Over 55s are enjoying £150 a month extra income compared to last year as a result of the economic recovery, Aviva's Real Retirement Report has found.

Legal & General (L&G) saw its individual annuity sales drop 40% in the first quarter of the year, with sales down from £406m in 2013 to £244m.

Pensions minister Steve Webb has been confirmed as keynote speaker for the Retirement Planner Forum.

As we reflect on retirees' option after Budget 2014, should we remember the phrase: 'You’re a long time dead'?

Was Budget 2014 the UK's 401k moment?

The Financial Services Consumer Panel (FSCP) has urged schemes to develop in-house income drawdown propositions rather than forcing members into the retail market.