Annuities

Fewer than one in four major employers say their scheme has a specific ‘decumulation strategy' in place to help retirees get the best annuity, research finds.

Mike Morrison looks at how people make retirement income decisions and concludes they are not always rational.

Jelf Employee Benefits is extending its annuity offering with the launch of its standalone broking service.

ANNUITIES

Up to 55% of advisers have seen a rise in drawdown clients suffering cuts in income in the past 12 months according to MetLife research.

SIPP provider James Hay has expressed concern over a rise in queries to use flexible drawdown to strip out pension funds.

LV= has developed a tool for advisers that helps them compare the suitability of fixed-term annuities against lifetime annuities.

The Financial Conduct Authority (FCA) will begin requesting data from annuity providers as part of its on-going investigation into the market.

The industry must do more to support employees making retirement income decisions says The Pension Regulator's chairman Michael O'Higgins.

Insurers can pocket up to £29,000 profit for turning £100,000 of your savings into a retirement income, according to an investigation into the sector.