annuity rates

Underwriting will become the "norm rather than the exception" in annuity business in the future, potentially creating a more varied pensions market, Prudential's head of business development has claimed.

There is a wide market for annuity rates with many providers. Not all of them offer competitive rates all the time though.

Retirement Planner's round-up of the top pension stories this week.

The majority of consumers are showing an "extremely worrying" lack of understanding about their pension plans, new research suggests.

ANNUITIES

Annuity rates continued to rise in the second quarter, with a bump of 2.4%, however, this compares with a 15% fall in the past three years, according to numbers from MGM Advantage.

Data from The Pensions Regulator (TPR) shows 97% of surveyed DC schemes provide support to members wishing to exercise their open market option.

Non-advised annuity sales do not effectively service people with smaller pension pots, according to the majority of annuity experts in the marketplace.

Scottish Life is asking IFAs to consider whether to ‘strike now or later' on annuity advice.

In this annuity-themed quick fire poll we ask: Should the Open Market Option be mandatory for all annuitants?