Duncan Jarrett will leave the company in June, to be replaced by Mark Till.
Transaction structured as a reinsurance contract, covering about 27,000 of in-payment policyholders.
Reforms will allow people drawing annuities to sell their contracts from April 2017.
Annuity sales are not recovering contrary to what the ABI says, Tisa’s policy strategy claims.
Group’s boss says defined benefit de-risking market looks “buoyant” while individual annuities are recovering.
The choice of choosing either an annuity or income drawdown is no longer relevant, says Retirement Advantage.
Analysis & Opinion
The Queen’s Speech showed regulation is still reactive rather than proactive.
A combination of annuities and drawdown options offers the best way to maximise their income in retirement
With changes afoot at Canary Wharf, closed-book providers will need to do more to engage with policyholders
In addition to a proper tax framework and tighter regulation, there are less obvious measures which would make the market operate more effectively
More on Annuities
The pensions landscape is starting to take shape and a combination of products seems key to making it work1hr
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The pensions landscape is starting to take shape and a combination of products seems key to making it work
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Advice firm has to pay compensation to client’s widow after they told her husband to buy an annuity when he was terminally ill.
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Pension freedoms, taxation and policy will be discussed during FTAdviser’s latest On Air live debate today (27 April).
Apr 26, 2016
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