Annuities

CONDENSED

Advisers have expressed concerns about a new annuity comparison tool on the Money Advice Service (MAS) which links to the Saga Annuity Service, a tied agent.

The latest round of quantitative easing (QE) from the Bank of England (BoE) is set to drive down annuity rates even further, hitting pensioners' incomes.

Joint life annuities still have a role to play if we consider "individual circumstances" according to pension experts.

FIVE THINGS

The industry must automate the decumulation phase of defined contribution schemes, National Association of Pension Funds chief executive Joanne Segars says.

Enhancements to women's pension provision will decrease the importance of joint life annuities according to pensions minister Steve Webb.

INVESTMENT ANNUITIES

FIVE THINGS

Retirement Planner's round up of the latest pension stories.