Annuities

Think demand for annuities has dried up? Truth is demand in 2014 has smashed all standing records...

As the industry gears up for the introduction of retirement freedoms in April what will people choose? Stephen Lowe goes through recent research into what retirees are looking for.

Fundamental problems with the shopping around system for annuities must be addressed before pension freedoms being in April, experts have said.

Consumer research undertaken by the Financial Conduct Authority (FCA) found that 40% of consumers do not exercise their option to switch and instead purchase an annuity from their existing pension provider. The regulator found six key reasons why.

Annuity providers need to make significant improvements to the quality of their written and telephone communications if customer outcomes are to be improved, according to the Financial Conduct Authority's (FCA) Thematic Review.

Openwork will add an income solution to its multi-asset fund range next year as part of its investment proposition Omnis, which has attracted £1bn of new assets ten months after launch.

Forcing product providers to reveal how their annuity quotes compare with competitors and developing a one-stop pensions 'dashboard' for retirees are two of several changes proposed by the Financial Conduct Authority (FCA) following its wide-ranging review...

Natanje Holt takes a look at how statutory money purchase illustrations will work once Budget freedoms come into play.

Negative headlines about annuity sales next April could lead to a "tragedy" of retirees refusing to buy them, according to The Pensions Advisory Service (TPAS) CEO Michelle Cracknell.

Are the annuity death tax changes unveiled at Autumn Statement 2014 a job 'half done'?