Annuities

Over 50% of advisers think that conventional annuities do not provide sufficient value for a client's retirement, according to Prudential.

Three in four advisers believe their clients would consider US-style annuities ahead of traditional annuities, but many fear they do not know enough about the products available.

Demand for flexible retirement products like SIPPs now overshadows that for conventional annuities, research suggests.

‘If it ain't broke, don't fix it' - this well known saying sums up all there is to say about the direction of the latest paper aimed at making the open market option work better.

Annuity rates have improved during the first half of 2007, according to figures from The Annuity Bureau.

Around 10% of Addition Voluntary Contribution schemes are failing to offer members the Open Market Option on annuities despite a legal requirement, claims Hewitt.

Zurich has confirmed it is to transfer part of its annuity business, worth approximately £3.7bn in assets, to Swiss Re.

Equitable Life has completed the sale of its subsidiary University Life to Reliance Mutual Insurance.

The issue of open market options or OMOs has been discussed at length of late. David Greenall describes what it is all about

Lincoln Financial Group has unveiled its new flexible pension solution, which caters for both the accumulation and decumulation periods of retirement.