ANNUITY rates have increased by an average of 14.2pc this year, research by The Annuity Bureau shows.
It said Scottish Equitable paid the top rates for a level annuity purchase of £100,000 for an individual for men and joint life annuitants with incomes of £6362 and £5933 respectively. Norwich Union...
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.