Insurers can pocket up to £29,000 profit for turning £100,000 of your savings into a retirement income, according to an investigation into the sector.
Helen Morrissey talks to Alan Higham founder of Retirement Angels and chairman of Annuity Direct about the current state of the annuity market and why things will have to change.
Advisers have warned that consumers who use annuity comparison websites could end up 'self-harming' and 'paying for their mistakes' for the rest of their lives.
Annuity Direct has warned the Association of British of Insurers' (ABI) code of conduct on annuity purchase will not be ‘strong enough' to protect consumers or encourage shopping around.
Fiona Murphy looks at the implications of an FSA review on shopping around for the annuity market
Annuity experts have welcomed the Office of National Statistics' (ONS) surprise decision to keep the current measure of inflation.
New standards of advice are needed to help scheme members navigate the increasingly complicated retirement income market.
Fidelity Worldwide Investment has launched a shopping around tool with Annuity Direct to help people use the open market option.
We are seeing an increasing number of employers employing annuity brokerage services to help staff make appropriate retirement income decisions. However, delays in data transfer are causing problems. Helen Morrissey looks at why these delays are occurring...
LV= has appointed Katherine Oxenham as business development manager for its retirement solutions business.