Budget 2014: Specialist annuity providers see shares slump

clock •

Life insurers and specialist annuity providers saw share values fall after Chancellor George Osborne unveiled reforms to income drawdown.

Osborne revealed that restrictions on accessing drawdown will be relaxed (PP Online, 19 March). Annuity provider Just Retirement group plummeted 35.88%, while Partnership Assurance Group, a prov...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Alasdair Pal

View profile
More from Alasdair Pal

Fed sets October date for end of QE

Former RBS chief Hester joins stricken RSA as CEO

More on Investment

UK gilt yields spike as Middle East conflict weighs on fiscal outlook
Investment

UK gilt yields spike as Middle East conflict weighs on fiscal outlook

UK 10-Year gilt nears 4.6%

Linus Uhlig
Linus Uhlig
clock 11 March 2026 • 2 min read
Partner Insight: Climate and credit – if it's easy, you're not doing it right
Investment

Partner Insight: Climate and credit – if it's easy, you're not doing it right

Martin Foden, Head of Credit Research and Luca Giacalone, Senior ESG Credit Analyst, discuss the challenges of integrating climate conviction within credit portfolios and how in-house analysis and collaboration are key.

Martin Foden and Luca Giacalone @ Royal London Asset Management
clock 05 March 2026 • 1 min read
Nikesh Patel – Pensions are not a sovereign wealth fund
Investment

Nikesh Patel – Pensions are not a sovereign wealth fund

The money is there, the right UK projects are there – but fiduciary duty must win the day

Nikesh Patel
clock 04 March 2026 • 4 min read
Trustpilot