Retirement

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

The current pension tax relief set-up offers significant advantages over ISAs but is poorly understood by savers and ‘radical alternatives' should be explored, a report has concluded.

The number of people saving into an occupational scheme has fallen by about 500,000 since 2010, according to figures from the Department for Work and Pensions (DWP).

Closed-life consolidator Phoenix Group Holdings has confirmed it is in initial talks with Swiss Re's Admin Re Business Unit over a potential merger.

Intermediaries have helped boost the equity release market by 29% over the past two years, figures from the Equity Release Council have revealed.

Advisers should finalise and promote their auto-enrolment proposition now or they risk missing a "great opportunity", according to NEST.

Government policies aimed at reducing the liability of the state for supporting people in retirement could fail due to being managed across different departments, auditors suggest.

Standard Life has seen a 12% opt-out rate across its auto-enrolment (AE) schemes to date.

The Office of Fair Trading (OFT) has identified several areas of concern in the pensions market and is focusing its investigation on adviser-commission and two-tier member charging structures.

People born after the mid-1980s will suffer the most from proposed changes to the state pension, a think tank has said.