Investment

The removal of restrictions on protected rights brings both increased flexibility and risk to the annuity advice market.

A sixth of this year's retirees plan to depend entirely on the state pension but few know how much they will actually get, Prudential research has found.

In this week's quick fire poll we ask: Could pre-funded long-term care insurance products come back into fashion if they had an annuity underpin?

LV= retirement business has increased sales by 15% to £142m and profits by 20% to £33.7m in the last year, business results have revealed.

The government should consider introducing a "cap and collar" agreement on the Government Actuary's Department (GAD) rates which are used in drawdown calculations, a provider says.

The Pensions Ombudsman has ruled against a complainant who argued part of his pension should be classified as defined contribution to protect it from Pension Protection Fund reductions.

Defined benefit payouts will peak this year before tailing off as the impact of scheme closures is felt, the Department for Work and Pensions says.

CONDENSED NEWS

Pension savers who have acted to protect their lifetime allowance through fixed protection could lose the benefit if they are covered by scheme life insurance.

Teachers and college lecturers in London are staging strike action today over changes to their pensions.