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
Kim Lerche-Thomsen takes a look at how annuities can meet people's changing retirement needs
Up until now the impact of inflation on retirement saving has been largely ignored. However, for those pensioners on low, fixed incomes it is a very real threat says Aston Goodey
Fidelity has launched a new range of ‘lifetime funds' for people planning for retirement which use a ‘target date' approach instead of ‘lifestyling'.
The government's response to a public petition asking for the removal of the 70% tax charge on leftover Alternatively Secured Pension Funds, is a clear signal retirees need to be more innovative, claims Living Time.
Resolution is investigating the possibility of establishing a separate annuity company owned by shareholders, to capture a larger share of the vesting pensions market, as well as expanding its protection market position.
Advisers should focus on alternatives to annuities to help high-net-worth clients maximise their retirement income, claims Fidelity International.