Retirement

Joint life annuities still have a role to play if we consider "individual circumstances" according to pension experts.

Mutual life and pensions company Royal London has announced the management team for its intermediary propositions, following the appointment of Hugh McKee as chief executive last month.

The over 65s are worse off than younger retirees and face an average income drop of 24%, according to Primetime Retirement.

FIVE THINGS

An amendment to the Financial Services Bill proposed by two Labour peers could open up the possibility of financial advisers not having to be regulated if they do not charge for their services.

Consultancy charging rules come into force at the end of this year. Jonathan Stapleton assesses the impact they will have on employers offering group personal pension schemes to their workforce.

More than 80% of annuity providers think the government should step in to address the unintended negative consequences that the Retail Distribution Review (RDR) will have on people with small pension pots.

Two thirds of pension experts believe the government should consider creating a simple default option for annuity purchases.

The Financial Services Authority (FSA) has expressed concerns about the use of distribution deals to circumvent rules banning the payment of commission.

Impaired life annuities could offset ‘unfair' rises in state pension age for groups with lower life expectancy, the pension minister has said.