Annuities

Industry figures have raised concerns over Her Majesty's Revenue and Customs' (HMRC's) stance on adviser charging on annuity business.

It's our round-up of the stories your clients may have read in the national newspapers over the weekend...

In this week's Retirement Planner quick fire poll we ask: NAPF has proposed the government create a nationalised annuity brokerage system to ensure retirees use the OMO. Do you think government intervention would be a good thing?

Royal Bank of Scotland (RBS) has been ordered by the Isle of Man regulator to pay compensation to the family of a man following a mis-selling investigation.

IFAs have welcomed Scottish Widows' plan to re-enter the IFA annuity market as a move they said will boost competition in the sector.

Scottish Widows will begin selling annuities via IFAs in a new distribution strategy as it closes Clerical Medical International to new business.

The Association of British Insurers (ABI) must force pension providers to push retirees towards specialist annuity advice, the National Association of Pension Funds (NAPF) has said.

The National Association of Pension Funds (NAPF) has proposed a nationalised brokerage system to help retirees get the best annuity rate and reform the current "toxic system".

The way annuities are sold is costing hundreds of thousands of retirees as much as £1bn in future pension income, a report by the National Association of Pension Funds (NAPF) claims.

It's our roundup of the stories your clients may have read in the national newspapers over the weekend...