VARIABLE annuities will be highly successful in the UK but they will not "transform the retirement market", a Watson Wyatt debating forum decided.
A total of 80pc of senior executives taking part felt variable annuities – which offer a range of investment options, with their value varying depending on the performance of options chosen by the purchaser...
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).
The vast majority of JLT Employee Benefits' clients have moved to the new equalised basis since the consultancy enabled pension schemes to calculate transfer values to allow for guaranteed minimum pension (GMP) equalisation.
Investors, driven by depressed interest rates, slower global economic growth and rich equity market valuations are examining non-traditional investment opportunities.