Sales of enhanced annuities rose to £448m in the second quarter of this year, bringing the total sales in the first half of 2009 to £891m, Watson Wyatt research reveals.
On an annualised basis, first half sales would imply a market of close to £1.8bn in 2009, up from the record sales in 2008 of £1.4bn. Watson Wyatt said the dramatic growth in the number of people taking...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
Jonathan Stapleton speaks to Punter Southall Governance Services director of outsourced pension services Clare Owen about the firm's latest reseach into the effectiveness of trustee boards.