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Home > Pensions > Annuities

Annuities

Latest News

Feb 26, 2015

More savers deferring decision ahead of reforms

Over the last year, the number of annuities sold fell 64 per cent.

From Investments| Feb 26, 2015

Aviva raises question on re-packaged retirement funds

Income solutions are attractive alternatives to annuities but they do not provide guarantees.

Feb 26, 2015

L&G mulls fixed-term annuity to counter value risks

Provider says launch is directly linked to both the pension freedoms which come into full force in April.

Personal Pensions| Feb 26, 2015

More providers reveal post-April pension proposition

Two providers reveal they will offer full flexibility, with one stating that it “will strive” to offer UFPLS.

Feb 24, 2015

Extended guarantees hailed as annuities’ saviour

Intelligent Pensions know of at least one provider who is working on a product that will give longer guarantees.

Feb 24, 2015

Just Retirement annuity sales boosted by bulk deals

Operating profits still down 10 per cent, but defined benefit scheme sales were up 39 per cent on previous period.

Analysis & Opinion
Provider defence role must not stray into advice

InterviewfromInvestments| 13:53

Provider defence role must not stray into advice

“The challenge always is trying to find ways of giving information in ways that consumers engage with”.

Fos is the elephant in the pension freedom room

Ashley WassallonRegulation| 11:42

Fos is the elephant in the pension freedom room

Surely advisers should be able to give a recommendation, but assist a client with their wishes.

Feb 26, 2015

Making the case for commission

The RDR threw the baby out with the bathwater when it changed how IFAs charged customers

From Special Report: Options at Retirement - February 2015| Feb 18, 2015

£100,000 pot conundrum

As the delivery date for pension freedoms nears, attention is turning to how the average client might react to the changes

More on Annuities
Adviser Guides

Guide to Workplace Pensions

Historically, many public and private sector organisations have provided a defined benefit pension scheme for staff.

Special Reports

Income Options - November 2014

Most investors want income - with the pension changes they may just want investment-based income for longer.

FTAdviser Blog

EIS as an annuity substitute post-April

We view EISs as an area where advisers can demonstrate real value to their clients.

Adviser Guides

Guide to Annuities Post-Pension Freedoms

How did the Budget shake up annuities in particular, and how are these products are set to change?

FTAdviser Blog

Fresh annuity-related redress puts spotlight on review

News Review: Friends Life underpaid 1,200 customers as a result of mis-calculated with-profits bonuses.

Adviser Guides

Guide to Retirement Income Options post-Budget

Many headlines in the aftermath of the Budget concentrated on the fantastic freedom and choice being introduced.

FTAdviser Blog

Of course life companies are backing annuity re-sales

New Review: Providers would retain risk pool and would avoid writing a welter of cheques.

Recent Articles
  1. Pru leads the way in Fos pensions complaints
    From Insurance| Feb 24, 2015

    Pru leads the way in Fos pensions complaints

    Sesame and Openwork received the most advice complaints in the second half of the year.

  2. ABI proposes ‘cooling off’ for large withdrawals
    Personal Pensions| Feb 23, 2015

    ABI proposes ‘cooling off’ for large withdrawals

    Trade body’s report suggests better provider and employer communications and easier ways to compare retirement options.

  3. Standard Life reveals adviser growth plans
    From Your Industry| Feb 20, 2015

    Standard Life reveals adviser growth plans

    Provider setting up adviser academy to train graduates, along with helping customer service staff with qualifications.

  4. Pensions freedoms continue to drive down annuity sales
    Feb 20, 2015

    Pensions freedoms continue to drive down annuity sales

    Total quarterly annuity premiums fell by 13 per cent in the fourth quarter to £334.8m.

  5. Expert urges gov’t to introduce auto-protection
    Feb 20, 2015

    Expert urges gov’t to introduce auto-protection

    “People approaching retirement need to be encouraged to purchase retirement income products that limit downside risks.”

  6. HMRC clarifies pension freedom tax implications
    Personal Pensions| Feb 20, 2015

    HMRC clarifies pension freedom tax implications

    Further detail given following confusion last week around reclaiming tax after taking lump sum.

  7. Stumbling blocks to offering advice
    From Special Report: Options at Retirement - February 2015| Feb 18, 2015

    Stumbling blocks to offering advice

    Over 300,000 people retire each year with a defined contribution pension, most of whom are required to buy an annuity under current legislation,...

  8. Hargreaves cuts charges for new post-April proposition
    Personal Pensions| Feb 18, 2015

    Hargreaves cuts charges for new post-April proposition

    Hargreaves has already received over 175,000 requests for information relating to the new regime.

  9. Advisers in the dark on pension freedoms pricing
    Personal Pensions| Feb 17, 2015

    Advisers in the dark on pension freedoms pricing

    While advisers sympathise with providers, the reluctance to unveil fees is impacting their own jobs.

  10. Using drawdown is ‘flipping a coin’ with longevity: MGM
    Feb 16, 2015

    Using drawdown is ‘flipping a coin’ with longevity: MGM

    Retirement income provider’s analysis shows 50/50 chance of outliving drawdown income.

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