Royal London clients with guaranteed annuity rates will be offered a cash swap deal if a High Court hearing gives the provider the go-ahead.
The provider said post-pension freedom many people were shunning valuable guaranteed annuity rates in order to access their pension pots. It said Financial Conduct Authority figures showed more than...
The increase in minimum AE contributions has had little impact on opt-out rates - with cessations after April increasing by less than two percentage points, data from The Pensions Regulator (TPR) shows.
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£116.8m of benefits received by customers