Income

New initiatives around funding long-term care will likely benefit only high-net worth consumers, while less wealthy people will still end up selling their homes to fund care, Zurich has suggested.

A quarter of the people scheduled to retire this year are not ready to stop working, while one in eight have already delayed their retirement, research suggests.

Hundreds of millions of pounds of retirement income is being lost as retirees remain stuck in the ‘clearly broken' internal annuity market, MGM Advantage has said.

Pensions provider Just Retirement has launched an ‘immediate needs' annuity for people facing long-term care costs.

OUTDATED

Money spent on 'wake up packs' should be spent on providing retirees with a 15 minute conversation with a retirement expert.

More than one in ten retiring Brits spend less than an hour sorting out their financial future, research suggests.

Stephen Lowe outlines the thinking behind the recently launched Pick-A directory and looks at how it can facilitate shopping around for a retirement income.

The Financial Ombudsman Service (FOS) has said it will take into account good practice at the time an annuity was sold when judging complaints as it highlighted the variety of grievances it handles.

ANNUITIES