The growth in annuities is likely to be slowed by A-Day changes which give people a clutch of retirement options, Watson Wyatt predicts.
But it says sales of enhanced and impaired health annuities – which have special rates for smokers and people with conditions that reduce life expectancy – increased significantly in 2005. The consultant...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.