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Home > Pensions > Annuities

Annuities

Latest News

16:04

Budget changes and ONS data offer ‘wake up call’

Increasing life expectancy levels and the recent changes to pensions announced in the Budget should be seen as “wake-up call” to a retiring...

Apr 22, 2014

Just Retirement follows LV with 1-year annuity launch

One-year option has same features as Just Retirement’s standard fixed-term annuity.

From Your Industry| Apr 22, 2014

Tax relief is latest pension reform battleground

Think-tank proposes scrapping relief altogether in favour of HM Treasury contribution of 50p for each £1 of savings.

Apr 14, 2014

Canada Life in advice push as it extends right to cancel

ABI member gives extra week cooling off time on guidance offered by trade body last week.

Apr 14, 2014

RDR leaves ‘advice black hole’ in Budget plans

PwC warns annuity market could shrink by 75 per cent due to changes announced in the Budget.

Apr 10, 2014

ABI members extend annuity cooling-off periods

Partnership annuitants will have until 17 April 2014 to withdraw from annuity purchase in light of Budget changes.

Analysis & Opinion

Apr 16, 2014

Help clients make most of new flexibility

The significant change announced to the pensions market was certainly the biggest shock in the recent Budget. Although clients have not had to buy...

Annuities after the Budget

Apr 09, 2014

Annuities after the Budget

Did everything change for Legal & General at 1.20pm on Budget day? No. We gave the Budget four out of five – pretty good economics, but with a...

Broad impact of pension changes

Apr 03, 2014

Broad impact of pension changes

Financial planners have been dancing a jig of joy following the Budget pension decumulation changes, which massively increase the need for...

Apr 03, 2014

Getting a handle on your destiny

Everyone wants to control their destiny. Variable annuities have been popular in the US as planning for retirement has shifted from defined benefit...

More on Annuities
Adviser Guides

Guide to Funding Long-term Care

It is all too easy for people to ignore care costs until they are faced with the reality of paying for care for themselves or a loved one.

Special Reports

Income Drawdown - March 2014

Everyone knows annuities offer poor value, so should advisers be turning to drawdown for more clients?

FTAdviser Blog

Return of ‘free advice’ fallacy flies in face of RDR

Week in Brief: Guidance guarantee for pensioners under the spotlight while advisers demand clarity on trail.

Adviser Guides

Guide to Budget 2014

Chancellor George Osborne boasted tax changes to benefit “the makers, the doers, and the savers”.

FTAdviser Blog

Pensions perfect storm batters life company shares

Week in Brief: Further turmoil as FCA plots probe into 30m policies in wake of charge cap and Budget revolution.

Adviser Guides

Guide to Pensions Lifetime Allowance

The lifetime allowance is a limit on the value of schemes that can be crystallised without tax being applied.

FTAdviser Blog

Will Osborne overhaul resolve savings crisis?

Week in Brief: This week one story has dominated, but the longer term affects of the reforms are unknown.

Recent Articles
  1. Return of ‘free advice’ fallacy flies in face of RDR

    Return of ‘free advice’ fallacy flies in face of RDR

    Week in Brief: Guidance guarantee for pensioners under the spotlight while advisers demand clarity on trail.

  2. HMRC gives guidance on cancelled annuities
    Apr 10, 2014

    HMRC gives guidance on cancelled annuities

    Tax office tells providers what they have to do with those who have cancelled following the Budget announcement.

  3. FCA sounds warning over anti-annuity advice bias
    Apr 10, 2014

    FCA sounds warning over anti-annuity advice bias

    Firms should inform clients of likely fall in rates if they delay decision and of benefits such as guaranteed rates.

  4. US and UK divided over annuities
    Apr 09, 2014

    US and UK divided over annuities

    Radical reforms to the UK annuity market have come at a time when US savers are actively being encouraged to use the products, William Bowden has...

  5. Cost of gov’t ‘free’ pension advice will be borne by all
    Apr 09, 2014

    Cost of gov’t ‘free’ pension advice will be borne by all

    The cost of the government’s proposed free pension guidance will be borne by employers, taxpayers and savers through the charges they pay, Will...

  6. Just Retirement takes £36m step into DB de-risking
    Apr 09, 2014

    Just Retirement takes £36m step into DB de-risking

    Provider hopes to increase its underwritten final salary de-risking business in light of the changes wrought by George Osborne’s Budget.

  7. Government issues Equitable Life payout update
    Apr 09, 2014

    Government issues Equitable Life payout update

    More than 860,000 policy holders of the collapsed mutual have now been paid by the government.

  8. Pru: Providers could deliver effective guidance for savers
    Apr 09, 2014

    Pru: Providers could deliver effective guidance for savers

    Strengths and abilities possessed by providers would help facilitate guidance for every retiree, Russell Warwick argues.

  9. Partnership: Budget hit to sales will be ‘short-term’
    Apr 09, 2014

    Partnership: Budget hit to sales will be ‘short-term’

    Letter sent out with annual results claims company will benefit in long-term from guidance guarantee.

  10. ABI questions Budget pledge of ‘free’ advice
    Apr 08, 2014

    ABI questions Budget pledge of ‘free’ advice

    PwC’s estimate that the cost of face to face guidance would cost £120m is “not unreasonable”.

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