Annuity sales have dropped 43.8% year on year as retirees wait for pension freedoms to begin in April 2015, according to latest research.
Mutual LV= has reported strong annuity sales for the second quarter of the year despite the sweeping changes to retirement income announced in the 2014 Budget.
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The guidance guarantee is a good first step but regulated advice is key for retirees of all shapes and sizes, writes David Trenner...
Self-invested personal pension (SIPP) providers "must feel very nervous" today, according to a law firm, after the Financial Ombudsman Service (FOS) made a "game changer" of a decision against Berkeley Burke SIPP Administration.
Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.
Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.