Falling gilt yields pushing investors away from guaranteed income.
Group chief executive says regulatory scrutiny will present more opportunities to buy back books.
In these volatile times, newly merged retirement income provider “wanted to reassure the market ahead of our results.”
Pensions freedoms have created a wider potential market for equity release.
Technology platform aims to help employers, providers and consultants get staff engaged with their pensions ahead of retirement.
Enhanced annuity sales began falling in 2012, according to Willis Towers Watson
Analysis & Opinion
Providers are far from dead but perhaps the age of most “traditional financial services providers” trying to be all things to all people is over.
In 2016 is it still right that a pension transfer should be considered wrong until it is proven to be right?
In just a week annuity rates plummeted by between 2 and 3 per cent
More on Annuities
The pensions landscape is starting to take shape and a combination of products seems key to making it work1hr
Aug 10, 2016
According to Willis Towers Watson, the downward trend of annuity sales falling began in 2012.
Aug 05, 2016
Caerus did not uphold the complaint because it thought complainant understood the position when he started the annuity.
Personal Pensions| Aug 04, 2016
Pensioners who would historically have been forced to buy an annuity can avoid futher cuts to annuity rates as a result of BoE cut.
Aug 03, 2016
Reforms unveiled in December will allow people drawing annuities to sell their contracts from 6 April 2017.
Jul 28, 2016
Deal will see Aegon exit the annuity market altogether, after it sold its existing annuity portfolio earlier this year.
Jul 27, 2016
Annuity rates now at record lows, having declined by as much as 12 per cent since the start of the year.
Jul 20, 2016
Rising CPI leaves retirees with a choice between accepting lower incomes or taking more risk.