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
Alistair Wilson: Three issues FCA must solve in 180-day property redemptions plan
The question is: what is the right thing to do?
PA360 Digital: Decumulation strategies 'still in their infancy'
‘A lot of work to do’
Siobhan Barrow: What retirement advisers have learned after five years of 'freedom'
George Osborne's baby
FCA retirement data raises concerns over long-term sustainability of pension payments
Many retirees taking 8%
Lawrence Cook: Decumulation needs investment planning evolution
Show your workings
More news
AJ Bell reports strong financial year driven by platform business
D2C growth particularly strong
70 DB transfers later: How one South Wales firm sorted its PI renewal
Despite challenges
Simon Goldthorpe: Six 'lockdown habits' advisers should keep
Whether it's because we had to or wanted to, lockdown gave us all the opportunity to do things differently. But which of these new habits are likely to remain part of everyday life? Simon Goldthorpe shares his thoughts...
Insistent client DB transfer ends in FOS complaint against Chase de Vere
Transfer did not proceed
Clemence Chatelin: Advising on impact investing
UN's 17 social development goals
