Annuities

John Lawson discusses the inheritance tax implications of retiring abroad.

Each month we ask leading industry figures to answer one big question... What impact do you feel changes to the Age 75 rule will have on the retirement planning industry?

A gap in the market is starting to attract new solutions to help IFAs tap into the collective wealth baby boomers are set to unload into the retirement market.

The consultation to end compulsory annuitisation should lead to increased flexibility for retirees. Helen Morrissey asks if this is the case.

Prudential will lobby the Government to back down over plans to raise the charge on unused pension funds on death, which it says will disproportionately hit basic-rate taxpayers.

The pension pot needed to satisfy the minimum income requirement could need to be as much as £300,000 in order to stop people falling back on state benefits, Towers Watson says.

The government is set to scrap the requirement to purchase an annuity and abolish alternatively secured pensions.

The Government is expected to throw its weight behind the scrapping of compulsory annuitisation when it launches a consulation on pensions funding tomorrow.

Reforming the Age 75 rule will reinvigorate the retirement income market but care should be taken not to undermine the annuity sector, the ABI warns.

Partnership has launched an annuity product enabling people to fund long term care without having to sell their home.