Steve Webb's recent comments on annuities have provoked fierce debate. Helen Morrissey asks if this can provoke a wider conversation on the future of the retirement income market.
Pensions minister Steve Webb has continued his attack on the annuity market, saying the products are not good value and vowing to "shake up the market".
The at-retirement market presents significant growth opportunities for advisers and providers according to research from Dunstan Thomas.
Retirement Planner's round-up of the top pensions stories this week.
Pensioners should be able to switch their annuity contract in a similar way to switching mortgages, Steve Webb has said.
Fiona Murphy looks at AJ Bell's recent wish-list for pension reform, including calls to scrap flexible drawdown, and asks other industry players for their views.
Retirement Planner's round-up of the top pension stories this week.
People will have to build up at least ten years of National Insurance payments or equivalent credits to be eligible for the single-tier state pension.
Steve Webb's move to ban commission and active member discounts is a ‘seismic' shift for providers and will drive a completely new business model for advisers, Aviva has said.
Pensions minister Steve Webb has called on the Association of British Insurers (ABI) to conduct its audit of high-charging legacy schemes to "far faster".