Regulation

Retirees could be given the chance to switch annuity providers during a one year ‘cooling off period' after agreeing a contract, the pensions minister says.

Poor practice has been discovered on all annuity price comparison websites by the Financial Conduct Authority (FCA).

Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.

The conduct of pension providers' annuity sales teams will form a large part of the Financial Conduct Authority's (FCA's) continuing investigation into the retirement income market.

The majority of employers who have begun automatically enrolling their workers are paying in the minimum level of contributions legally allowed, pointing to potential future disappointment for savers.

The Scouts were right when they said: "Be prepared." The motto works well for auto-enrolment too.

What does the industry want from the FCA annuity paper?

Most of the 41 pension liberation cases currently under investigation by the Pensions Ombudsman (PO) are complaints against trustees blocking transfers to suspicious vehicles.

The number of pension liberation complaints under investigation by the Pensions Ombudsman (PO) has risen to 41, IFAonline's sister title Professional Pension has revealed.

Aegon product director Colin Bell dissects Steve Webb's switchable annuities plan