Annuities

Intelligent Pensions (IP) has launched a phased annuity service in a bid to help clients mitigate the risks of staying too long in drawdown.

Advisers say the abolition of the requirement to annuitise by age 75 is the best pension reform passed this year.

While lifetime annuities remain the most popular at-retirement product further innovation is needed to meet the needs of the market according to the Xafinity Annuity Industry Study.

Just Retirement has launched a new form of third way annuity with the first new capped drawdown product on the market since the new pension rules came into force.

In this month's Inquiry, Helen Morrissey assesses the results of our survey on the ­ at-retirement market and asks how the advent of flexible drawdown will affect the market

Matt Trott talks to Retirement Planner about how the annuity market will develop over the coming years and how the Age 75 rule will affect it

The new drawdown regime means clients can stay in drawdown indefinitely. However, Helen Morrissey says that clients could actually lose out on income by not annuitising at the right time

Equitable Life policyholders came a step closer to finally receiving compensation today, as the Treasury laid out its plans for its £1.5bn Payments Scheme.

The government is likely to review draft income drawdown rules forbidding the use of RPI-linked annuities for the minimum income requirement (MIR), specialist providers have said.

The removal of the requirement to annuitise by age 75 could encourage people to remain in drawdown even when it becomes damaging, MGM Advantage and Intelligent Pensions (IP) warned.