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annuities

Displaying items by tag: annuities

A study into the bulk annuity market has shown there were fewer big hitters in the UK last year but researchers predict more firms will enter.
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A retirement planning expert has said it is premature to believe that the overhaul in the pensions system means the the death of annuities.
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The UK annuities market could decline by up to 75% after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis supported by a new consumer survey.
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A senior FCA figure has warned against predictions of doom about the annuities market following the radical pension reforms announced in the Budget.
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Tuesday, 18 February 2014 12:21

Big drop in annuity sales despite £12bn total

Sales of annuities fell by 16% last year, newly released figures from the Association of British Insurers have shown.
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Friday, 14 February 2014 11:04

Annuities probe: Government has a role to play

The Government has a role to play in fixing the failing annuities market, the Financial Services Consumer Panel says, following a damning FCA report published today.
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The FCA's review of annuities fails to go far enough and will be too slow to help thousands of retirees, a pensions director says.
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Friday, 14 February 2014 09:53

Annuities market failing consumers, says FCA

The FCA is to launch a competition market study after concluding that the annuities market is failing consumers.
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Thursday, 16 January 2014 11:45

Drawdown assets at Standard Life reach £10bn

Customers with drawdown pensions at Standard Life have amassed £10bn in assets under administration, suggesting the schemes are becoming a serious alternative to annuities.
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Wednesday, 11 December 2013 15:43

HL unveils 5 point action plan for retirement market

Hargreaves Lansdown has detailed a five point action plan to reform the retirement planning sector following the widespread criticism of the annuity market by the Financial Services Consumer Panel this week.
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