Annuities

Billy Burrows is to leave specialist annuity broker Annuity Line as part of a business restructure.

A third of over 55s who are still working do not see the value in taking financial advice at retirement, according to research from MGM Advantage.

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Axa Life Invest has launched a post-Budget drawdown product giving the stability of an annuity with additional built in flexibility to remain invested.

The death of annuities is premature but the lifetime allowance on pensions must be scrapped, delegates heard at the Association of Member-Directed Pension Schemes (AMPS)'s annual conference.

Suspicious minds: Will the pension revolution change public opinion on advisers?

Defined contribution (DC) savers who intend to manage their own pension pot in retirement are unwilling to pay for regular advice, according to research from consultant firm Hymans Roberston.

A "radical rethink" is underway in the annuity market following the sweeping Budget changes but concerns over fund depletion remain, according to Equinity Paymaster.

Life insurer Friends Life has reported a "limited immediate Budget impact" on its retirement income business but said it expects annuity sales to drop by up to 70% in the medium term.