Annuities

A default annuity option could be added to personal accounts as the government is switching its focus onto the decumulation phase of the retirement income system.

Mike Douglas has taken up a new role at Scottish Equitable as managing director of its annuities operation.

Hargreaves Lansdown is launching a major campaign to try and keep Alternatively Secured Pensions open to all consumers.

The annuity market must become more innovative and flexible to meet the needs of people's changing perception of retirement from a cliff-edge change to a transitional process, claims industry experts.

As falling bond and gilt yields cause conventional annuity rates to continue to decrease, with-profit annuities are becoming more popular with both advisers and consumers, claims Prudential.

MINISTERS HAVE MADE A last-minute plea to the Financial Services Authority not to go ahead with plans to relax rules on selling personal pensions, laccording to leaked government documents shown to the Guardian.

Aegon launching a major advertising campaign to target corporate decision makers, at a time when it is looking into a move into the bulk annuities market.

Legal & General is putting more emphasis on its position in the annuity market by appointing Simon Gadd as the new managing director of annuities.

A survey of the UK annuity market published by the Department of Work and Pensions (DWP) has highlighted potential risks for the insurance industry in dealing with longevity risk and long-term debt shortages.

As it is no longer compulsory for pensioners to buy an annuity, and with an increase in longevity, pensioners should take more risks with their investments, claims Jupiter.