annuity rates

In this week's Retirement Planner quick fire poll we ask: Should annuity providers be prevented from sending out unsolicited own rate illustrations to clients.

The Association of British Insurers (ABI) does not go far enough to protect consumers' interests when purchasing annuities, Fidelity has said.

The Association of British Insurers (ABI) has proposed three new measures to become part of its planned code of conduct for insurers selling annuities.

Annuity rates have fallen across the board for December as gilt yields have plunged to record lows.

Friends Life will widen its annuity product range and ramp up its consumer marketing next year in a bid to avoid losing its existing savers, and to capture more when it becomes an open market option (OMO) provider.

Banks and providers will create services to help customers shop around for annuities if reforms to the open market option (OMO) succeed, Steve Lowe, director of external affairs at Just Retirement says.

Historically low gilt yields have driven down the incomes available via annuities or drawdown by almost a quarter, Skandia said.

The Bank of England's (BoE) second round of quantitative easing (QE) will be a "Titanic disaster" for pension schemes and members, Saga says.

Incomes from annuities have fallen 14% since the start of the year due to stock market turmoil.

Retirement Planner's roundup of the top pensions stories this week.