Retirement

AXA Winterthur enjoyed a 22pc increase in new individual pensions business last year, from £1.59bn, to £1.93bn.

Proposals to include mortality assumptions in funding plans could be "another nail in the coffin" for defined benefit (DB) schemes, warns Occupational Pensions Trusts (OPT).

Winterthur announced sales in its new individual pensions business rose 22% last year to £1.93bn.

The Government needs to conduct further research into whether people on benefits would benefit by auto-enrolling in personal accounts, the Pensions Policy Institute (PPI) says.

Two in every five financial advisers have little or no knowledge of variable annuities, research by actuary Watson Wyatt suggests.

The FSA should not treat SIPP providers as insurers for the sake of protected rights, warns Hazell Carr.

Canada Life has launched its first enhanced annuity, bringing its total annuity range to three.

AEGON Scottish Equitable has added four extra charging options to its Group SIPP (GSIPP) to meet various adviser business models.

The Investment Management Association's (IMA) call to scrap the requirement for retirees to buy an annuity at age 75 neglects most pension savers, says Just Retirement.

Annuity Direct has appointed Bob Bullivant as chief executive officer (CEO) to spearhead its expansion into the retirement income market.