Annuities

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.

The majority of Britons intend to remain in their current homes for the rest of their lives, according to Friends Provident research.

Scottish Life has cut open market option (OMO) waiting times for clients from an average of 11 days to 8.1 days using Origo's Options software.

Fixed-term annuity provider Living Time has boosted its online tools for IFAs as part of its campaign to promote more flexibility within the annuity market.

Commercial secretary Lord Sassoon has been told to take steps to improve consumer access to the open market option (OMO) and intervene on poor annuity rates.

Around three-quarters of retirees bought financial products via a bank adviser, with only 20% using an IFA, according to AXA's Retirement Scope report.