Annuities

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.

The government will scrap the rule which creates an effective obligation to purchase an annuity by age 75.

TenetRetirement Solutions has launched a non advised annuity desk to help advisers find the best annuity option for clients with small pension funds.

John Moret discusses how the coalition government may affect the SIPP market

Annuity rates have fallen below 6pc for the first time in 20 years as a result of falling bond yields, increased longevity and the impact of Solvency II.

Only four per cent of over 50s would consider contacting a financial adviser regarding long-term care funding and the majority do not have a clue where to find one, according to Partnership.

As longevity continues to increase Craig Fazzini-Jones believes the pressure is on annuity providers to come up with innovative solutions

Government opposition to forced annuitisation ignores the fact people want to buy the products, argues deputy chief executive of Prudential UK Barry O'Dwyer.