Annuities

Just Retirement's new business in the three months from April-June 2010 is up 14.9% on the same period last year at £245.5m.

Age UK is calling for more tailored products and services for the elderly, as they are much harder hit by the cost of inflation than the rest of the population.

Thousands of Equitable Life victims who annuitised before 1992 will receive no compensation despite a proposed amendment to include them in the government's repayments package.

The level of compensation due to 10,000 Equitable Life customers who bought with-profits annuities before 1992 would be "impossible to calculate", Tory MP Jonathon Evans says.

The government will publish a formal response to its consultations on the Finance Bill 2011, including details on new pension annuitisation rules, on 9 December.

Living Time will provide fixed term annuity quotes to IFAs via the Assureweb portal from 15 November.

Labour MP Fabian Hamilton has tabled an amendment to the Equitable Life (Payments) Bill to include 10,000 more annuitants in the compensation scheme.

The need for people to shop around for the best income in retirement must surely lie at the heart of the government's Big Society agenda, says Andrew Megson.

Mark Joannes assesses the possible impact of forthcoming Solvency II rules on the annuities market.

The Pensions Regulator's (TPR) new guidance for members shopping around for retirement products is ‘still not enough', according to Tom McPhail, head of pensions research at Hargreaves Lansdown.