Annuities

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.

Government amendments to the Finance Bill 2007 could encourage more people to make use of the annuity Open Market Option at retirement, says Standard Life.

Life and pensions sales for Standard Life have risen over 50% in the first three months of 2007, driven by strong growth in Self Invested Personal Pensions, although figures reveal protection sales have fallen 44% year-on-year.

Kim Lerche-Thomsen takes a look at how annuities can meet people's changing retirement needs

Annuities have had a difficult time in recent years. However, Peter Magliocco believes they can inject real flexibility into your retirement planning