Annuities

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.

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.