Prudential's two main retirement product businesses have increased profits this year, following a poor year for Prudential Annuities in 2009.
Fixed-term annuity provider Living Time has boosted its online tools for IFAs as part of its campaign to promote more flexibility within the annuity market.
Conventional annuity rates have fallen 6.98% while enhanced rates have dropped by 5.32% since June 2009, according to figures from MGM Advantage.
A-Day changes to Retirement Annuity Contracts (RAC) about the acceptance of employer contributions seem to be causing confusion between IFAs and providers.