Annuities

Some 80% of retirees who stick with their pension provider when they buy an annuity could get a better deal elsewhere, pointing to a huge failure in the open market option, the Financial Conduct Authority (FCA) has found.

The conduct of pension providers' annuity sales teams will form a large part of the Financial Conduct Authority's (FCA's) continuing investigation into the retirement income market.

The FCAs' thematic review of the annuity market has been criticised as not going far enough fast enough.

What does the industry want from the FCA annuity paper?

Aegon product director Colin Bell dissects Steve Webb's switchable annuities plan

OUTDATED

Money spent on 'wake up packs' should be spent on providing retirees with a 15 minute conversation with a retirement expert.

Retirement Planner's round-up of the top pension stories this week.

In this week's quick-fire poll we ask: Is the Financial Ombudsman Service right to take into account good practice at the time an annuity was sold?

Stephen Lowe outlines the thinking behind the recently launched Pick-A directory and looks at how it can facilitate shopping around for a retirement income.