Annuities

Final versions of the maximum drawdown levels available after A-Day suggest drawdown could provide better value than an annuity for those in the earlier stages of retirement.

One in four pensioners are succumbing to the ‘pensioner splurge', by spending more in their first year of retirement than in any following years, claims new research from Prudential.

The Association of British Insurers has published a new Statement of Good Practice on Pension Maturities to help insurers communicate with consumers about what to do when their pension matures and they buy an annuity.

Public understanding of annuities has improved but more work is needed as the debate around pensions hots up, according to the Association of British Insurers.

HSBC will refer customers to market research from The Annuity Bureau in a deal directed at providing greater access to the open market option for the bank's customers.

Up to one in three people are still missing out on extra income in retirement by purchasing a standard annuity resulting in many losing out on around £234m worth of benefits in 2004. new research reveals.

Scottish Equitable is wading into the open annuity market, which it believes is dominated by too few players.

Bank of Scotland Annuity Service (Bosas) says Brits are squandering up to £18,500 by not shopping around for highest annual income from their pension fund.

Provision of long-term care funding should be tackled as part of the Pensions Commission's remit along with improved financial advice as initial research suggests a variety of solutions need to be deployed, suggests the Joseph Rowntree Foundation.

Adviser group Tenet has launched its own Annuity Bureau to provide IFAs with both a quote and full introductory service.