Retirement

Legal & General (L&G) has signed its first annuity reinsurance deal outside the UK in a €136m contract with New Ireland Assurance.

A group of Harlequin Property investors is seeking to agree a process with the company to facilitate the review of all investments through self-invested personal pensions (SIPPs) or those which have utilised a re-mortgage.

In this week's quick fire annuity-themed poll we ask: Do you think ‘Middle Britain' retirees are ill-served by conventional annuities?

Self-invested personal pension (SIPP) operator Hornbuckle Mitchell is to close its regional office in Holmes Chapel, Cheshire.

Financial adviser Richard Bishop has decided to move out of regulated advice and adopt a non-advised model because he said fees and ad-hoc levies have become unmanageable.

There is no need to have a single regulatory body for workplace pension schemes, according to the Confederation of British Industry (CBI).

The government should ban member-borne consultancy charges on workplace pensions "without delay", MPs on the work and pensions committee have said.

JLT Employee Benefits (JLTEB) has suspended consultancy charging on corporate schemes until the Department of Work and Pensions (DWP) completes its investigation of the practice.

ARMCHAIR CRITIC

ANNUITIES