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

SPP: The message to the government is clear - don't mandate

SPP: The message to the government is clear - don't mandate

Jeremy Goodwin says mandation would ‘drive a coach and horses’ through the prudent person principle

Jeremy Goodwin
clock 14 October 2025 • 3 min read
Most DC schemes do not offer at retirement benefit options

Most DC schemes do not offer at retirement benefit options

But TPR survey finds schemes are taking steps to review, launch or partner to provide members with solutions

Jasmine Urquhart
clock 14 October 2025 • 2 min read
L&G expands retirement planner to younger DC members

L&G expands retirement planner to younger DC members

Firm says planner has ‘significantly boosted’ retirement readiness among members approaching retirement

Martin Richmond
clock 07 October 2025 • 2 min read
Trustpilot