Annuities

Govt gives five million people ability to sell retirement income

The Treasury wants to make advice mandatory for sales of annuities on the secondary market, it has said in a statement today.

In his last column of the year, Graham Bentley rails against what he sees as the corruption of sound academic theories by the industry in a bid to shift more products...

Fraudsters don't stick to just one scam

People complained about products and advice

Response to pensions freedom

Annuity mis-selling investigation highlights value of advice

The Financial Conduct Authority (FCA) has said it is concerned providers' projections of what pension savers can expect to receive in retirement if they buy certain products are too high, and it wants to standardise the process.

Non-advised annuity sales could be subject to a commission cap or an outright ban under plans being considered by the Financial Conduct Authority (FCA).

Partnership is to launch a self-invested personal pension (SIPP) account which houses both annuity and drawdown options.