LV=

Why did the number of annuity contacts fall so much in 2013?

Vanessa Owen looks at the effect inflation can have on a retirement income

January will see gilt yields rise to 3.25%, up from 3%, meaning the maximum drawdown limit will rise in the New Year.

BLENDED

Liontrust Asset Management is to acquire North Investment Partners, appointing founder John Husselbee, as well as former LV = manager Paul Kim, to run its first multi-asset proposition.

The maximum amount of money drawdown pensioners can withdraw from their retirement pot is set to rise next month.

Mutual life and investment group LV= has reported a drop in sales of 14% for the first half of the year, despite seeing a hike in group pre-tax profit of 144%.

DRAWDOWN

PROTECTION

LV= has seen a drop in life and pensions sales of 14% for the first half 2013 compared to last year.