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Displaying items by tag: annuities

The standard annuity rate rose to its highest level for the whole of 2015 during June, according to figures released this morning.
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Protection for the rights of dependents and beneficiaries particularly vulnerable older people must be cemented before secondary annuity market plans go ahead, the ABI says.
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Incoming Pensions Minister Ros Altmann has been encouraged to include a new Workplace ISA into the auto-enrolment legislation by the Centre for Policy Studies.
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Chancellor George Osborne has confirmed in his Budget today that 5m people will get the freedom next year to sell on their annuities for cash.
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A final report on the 'failing' market for retirement income is being drawn up by FCA officials.
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Friday, 23 January 2015 10:30

Annuity rates take a plunge since last summer

Annuity rates have plunged since the summer, a study has shown.
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Plans to allow the resale of existing annuity contracts increase the danger of people getting misled by fraudsters, a Sipp provider has warned.
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A pensions expert believes an idea floated by Pensions Minister Steve Webb for the resale of existing annuity contracts will never work.
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Thursday, 04 December 2014 14:22

Annuities change unfair, pension firm director says

A director of a pensions firm has suggested a change to annuities announced in the Autumn Statement
 was unfair.

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Wednesday, 03 December 2014 14:10

Pensions expert welcomes annuity death benefits move

A pensions expert has welcomed a move in the Autumn Statement today to bring annuity death benefits into line with drawdown.

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