Annuities

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'?

The government could face a fresh mis-selling scandal if it fails to prepare for its guidance service, Chris Williams, CEO of Wealth Horizon has said following the Autumn Statement.

The 55% tax charge levied on beneficiaries of individuals who die under the age of 75 with a joint life or guaranteed term annuity has been abolished in the Autumn Statement.

Sales of drawdown contracts have more than doubled compared to the third quarter of last year while annuity purchases continue to fall, according to latest Association of British Insurers (ABI) statistics.