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.

Annuity rates have declined by 29% since the introduction of the Bank of England's quantitative easing programme, AXA Life Europe has found.

Low-cost workplace pension provider NOW: Pensions has teamed up with a specialist annuity provider to ensure all savers get the best possible income at retirement.

Providers should "show solidarity with advisers" rather than offer non-advised companies cheap deals on annuities, according to one Cheshire-based annuities specialist.

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