Latest News
QE could make annuity rates plummet: Bureau
The prospect of further quantitiatve easing has put annuity providers on alert, Richard Williams has claimed.
‘Moral duty’ to offer broad annuity choice – Wrench
Advisers have a “moral duty” to give pensioners a wide choice of annuity options, Adam Wrench has claimed
Just Retirement blames RDR for drop in sales
Just Retirement reveals annuities sales for the first three months of 2013 were down 26.4 per cent compared with the start of 2012.
London listing will not affect work on OMO: Partnership
Partnership Assurance Group, the specialist provider of impaired annuities, has unveiled plans to go public next month on the London Stock Exchange.
Partnership to raise £120m through listing
Private equity backer to sell portion of holding as group seeks to list around a quarter of its shares.
Drawdown said to be ‘great bridge’ into retirement
Firms says advisers should consider offering clients income drawdown in early retirement years
Analysis & Opinion
Annuities: Something of nothing
With appalling rates and tiny pension pots, securing a retirement income has never been more challenging. Aimee Steen analyses market movements
Eye-watering annuities profits demand FCA attention
Profit margins for insurers could be around 20 per cent, which is only sustainable due to product opacity.
More on Annuities
Guide to Annuities
An annuity purchase is for the rest of one’s life, so this hugely important decision requires sound financial advice.
1hr
Retirement – December 2012
Retirement choices are diverse, but in a volatile, low-rate environment, how can clients secure a decent lifelong income?
1hrFSA wields the axe, marches on Brussels
Week in Brief: Lots of action from the regulators, SFO and FSCS this week as lawyers lobbed grenades over Harlequin and Arch Cru.
Fos targeting advisers, while FSCS (for once) does not
Week in Brief: Headlines were dominated by continued anger at seeming anti-adviser bias at Fos.
Recent Articles
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May 07, 2013Annuity choice limited despite OMO push
Research by Money Management shows 14 providers, with only four offering both standard and enhanced annuities
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From Your Industry| Apr 25, 2013Partnership to pay Openwork £15m for annuities exclusivity
Enhanced annuities provider will fund adviser training for Openwork members under the terms of the new agreement.
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Apr 25, 2013Annuity rates can differ if advised, providers admit
Income offered by L&G, Aviva, Partnership and Standard Life may vary even if the commission rate equals the adviser fee, according to MM survey
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Apr 24, 2013Pica annuity intermediary directory hit with criticism
Retirement adviser claims minimum standards for inclusion on service not sufficient, cites risk of possible consumer detriment
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From Your Industry| Apr 24, 2013Age Partnership to expand low-value advice as demand surges
Nascent service offering full advice over telephone and online has proven a hit with clients.
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Apr 23, 2013ONS: Cost of retirement income up 29% since 2009
Falling annuity rates quantified to show dramatic plunge since 2009.
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Apr 23, 2013Tesco seeks to muscle in on £12bn annuity market
Britain’s largest retailer by sales says tool will make it easier for savers approaching retirement to shop around.
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Apr 22, 2013
Investment annuities ‘barriers’ leave clients short-changed
Annuities specialist says industry is at ‘tipping point’ as conventional annuities hit all-time low.
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From Your Industry| Apr 10, 2013Hargreaves: Our new tool gives 27% annuity income boost
Investment firm says new enhanced annuity service quotes an average 27 per cent increase in consumer’s income.
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Apr 09, 2013Aegon considers backtrack on adviser charging
Insurer rethinking bar on accommodating adviser charging on annuities following industry changes