Pensions minister Steve Webb has promised to set up an "annuities task force" and conduct a wholesale review of pensions decumulation.
The recent launch of the ABI's Annuity Window has sparked debate as to how best to serve retirees. Helen Morrissey asks what constitutes a good quality shopping around service.
Axa Wealth has introduced flexible drawdown to its Retirement Wealth Account (‘RWA'), the company's self-invested personal pension.
Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.
Nearly one third (32%) of public sector workers are considering returning to work post retirement due to financial concerns according to research from Teachers Assurance.
Almost two in five consumers do not know what an annuity is, according to research from adviser website Unbiased.
The Association of British Insurers (ABI) has defended its Annuity Window after "media scrutiny" and made changes to it following industry feedback.