SALES of enhanced annuities in the UK exceeded £1bn for the first time in 2007, latest research from Watson Wyatt reveals.
The consulting firm said sales were up by 35pc from 2006 and have increased by 161pc since 2001. And it said the dramatic growth in the number of people taking out enhanced annuities – which provide...
The directors of collapsed construction giant Carillion were "contemptuous" of funding their defined benefit (DB) pension schemes, and "refused to give an inch", Frank Field has alleged.
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
Frank Field is to warn Sir Philip Green not to sell his Arcadia business without ensuring defined benefit (DB) pensions are adequately protected, PP can confirm.
Some 79% of people would like to see stricter rules and checks to ensure pension pots are secure, according to a survey by the Pensions and Lifetime Savings Association (PLSA).