A boost in individual annuities and with-profits bonds sales helped Prudential UK maintain new business levels in the first half of this year, despite a significant decrease in corporate pensions volumes.
Confidence in defined contribution (DC)pensions has fallen so low that the majority of workers would choose an inferior financial reward over a 10% boost to their employer contribution, research has found.
The Pensions Regulator (TPR) has inadequate processes in place to measure performance, a National Audit Office (NAO) report has found.
The removal of restrictions on protected rights brings both increased flexibility and risk to the annuity advice market.