Annuity specialist Retirement Advantage has been bought out by Canada Life for an undisclosed sum leaving just six active providers in the market.
Retirement Advantage, which also operates in the equity release market, has more than 30,000 customers and more than £2bn in assets under management. This includes a £1.5bn block of in-payment annuities....
Only one in ten opt for an annuity
‘Dramatic’ drop due to pandemic’s economic impact
Coming soon to a provider near you
'Act or be compelled to act'
Drawdown retirees forced to reduce income during the early stages of the pandemic are now considering the best way to turn the taps back on, writes Steve Hunter
For a long time, the road to retirement followed a familiar path. Individuals saved up for a pension during their working life in order to retire at a set age; usually around 65. This path has shifted, however.
Completes legal process
Scepticism towards companies' commitments
GDP falls 2.6% in November