Income

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OUTDATED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

Retirees with small pots should be allowed to draw down savings as fixed-term pension to enable them to defer taking a state pension, says the Association of Consulting Actuaries (ACA).

The Association of British Insurers (ABI) and Department of Health have signed a ‘statement of intent' focusing on the future development of the long-term care market.

COMMENT