Income

Who is to blame for not getting the best annuity rate?

The Later Life Academy has launched to help brokers operate more effectively in the at-retirement market. Founder Stuart Wilson talks to Helen Morrissey about the need for increased education.

The results of the FCA's thematic review of the annuity market highlight the need for urgent reform of the at-retirement market. However, Helen Morrissey asks if the review goes far enough?

Retirement provider MetLife has increased the income deferral rate on its unit-linked guaranteed products.

Some 353,000 annuities worth just under a total of £12bn were sold by Association of British Insurers (ABI) members in 2013, latest figures show.

Retirees could be given the chance to switch annuity providers during a one year ‘cooling off period' after agreeing a contract, the pensions minister says.

Poor practice has been discovered on all annuity price comparison websites by the Financial Conduct Authority (FCA).

Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.

The conduct of pension providers' annuity sales teams will form a large part of the Financial Conduct Authority's (FCA's) continuing investigation into the retirement income market.

Hargreaves Lansdown's five-point plan for retirement income reform