Income

What Australia can teach us about trusting the public with pensions

The Budget ushered in massive changes in the retirement income space. Helen Morrissey asks what this means for the industry.

An exclusive plain-English print-out guide to give to clients

Yesterday's Budget effectively removed the requirement to ever purchase an annuity, causing shares in listed providers to drop over 50%, but is there value in the sector after such a monumental sell-off?

Yesterday's Budget announced the end of the requirement to purchase an annuity, but it is not the end for the products themselves, says Fidelity Worldwide Investment's Ed Dymott.

Many providers have welcomed the extra flexibility brought by George Osborne's raft of retirement income reforms but the majority have cautioned about giving savers too much, too soon.

Today's Budget pension reforms will not irreparably damage the annuity market says Just Retirement's customer insight director, Stephen Lowe.

'It's the only thing I'm nervous about': What IFAs think of the Budget pension changes

Hargreaves Lansdown's shares rose on news the government is set to increase the personal ISA allowance to £15,000, whilst life company stocks tumbled, after chancellor George Osborne unveiled the latest Budget.

Everything advisers need to know about Budget 2014's 'wow' pension changes