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Annuity sales to plummet, another leading firm says

Another major pensions company has predicted its annuity sales will plummet following the Budget.
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Sipp and SSAS administrator announces profits quadruple

Curtis Banks has predicted the Budget pension reforms will have a beneficial knock on effect on the Sipps sector as it announced today that its profits have more than quadrupled to £3.4 million.
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Sipp firm appoints new technical pension manager

A newly appointed pension technical manager is set to take up his role at a Sipp firm later this month.
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Budget leads to annuity sale cancellations at Legal and General

The Budget pension reforms led to about £15m of annuity sales at Legal and General being cancelled, the company reported today.
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TISA workshops to cover key areas of Sipps for newcomers

The Tax Incentivised Savings Association will hold two workshops covering key aspects of Sipps for professionals who are new to the sector.
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  1. 'Drawdown via Sipps and SSAS will increase due to Budget reforms'
  2. 'More insurers could focus on bulk annuity market'
  3. Standard Life pledges to adapt after 50% annuity sales fall
  4. Over £56m lost or forgotten expat pension funds recovered

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