Royal London guaranteed annuity swap plan gets court approval
Most uplifts are expected to be in the 40% to 80% range

The High Court has approved Royal London's plan to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot.
In April, the provider announced plans to offer an "actuarially fair exchange" for GARs in a bid to stop policyholders throwing away the value of the guarantees - noting Financial Conduct Authority (FCA)...
More on Income
Adrian Boulding: Go against the pack and consider an annuity
Only one in ten opt for an annuity
Pension contributions drop 11% during first lockdown
‘Dramatic’ drop due to pandemic’s economic impact
Jon Greer: Why advisers must 'sit up and take notice' of investment pathways
Coming soon to a provider near you
FCA opened 67 investigations into DB transfer advice over last three years
Consumer complaints against firms for misadvised DB transfers also rising
Shona McCluskey: Firms that grasp investment pathways will take 'higher ground'
'Act or be compelled to act'
Back to Top
More news
Vintage Wealth Management acquires Beaufort firm Corfe WM
Surrey-based firm
It's official: Advice is better than guidance, says Guy Opperman
From the horse's mouth