We can't wait another year to sort out annuities

Barnett Waddingham’s Malcolm McLean says we action on retirement products

clock

I am sure I wasn't the only one to be extremely disappointed by the findings of the Financial Conduct Authority's (FCA) thematic review of the annuity market.

It is hardly credible that it has taken a year to tell us basically what we already knew: that the annuity market is not working well for consumers. Even worse, it will be another twelve months bef...

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

More on Defined Contribution

Partner Insight: Re-thinking (private) equities for pension portfolios

Partner Insight: Re-thinking (private) equities for pension portfolios

For DC schemes considering incorporating private equity, accessing the right areas of the market will be key to translating the asset class’s potential into improved outcomes for members.

Nils Rode, Chief Investment Officer, Schroders Capital and James Wall, Head of Defined Contribution Business Development, Schroders
clock 03 September 2026 • 6 min read
DC master trust investment in climate solutions lags, XPS finds

DC master trust investment in climate solutions lags, XPS finds

Firm’s analysis finds majority of targets still rooted in net-zero emissions reduction

Alex Levy
clock 02 September 2026 • 2 min read
DC growth-phase strategies show positive returns despite 'volatile' start to 2026

DC growth-phase strategies show positive returns despite 'volatile' start to 2026

Isio analysis of DC master trusts found providers maintaining long-term growth focus

Holly Roach
clock 27 August 2026 • 2 min read
Trustpilot