Level annuity rates continue to decline in October as the top two providers slash rates, according to Alexander Forbes Annuity Bureau.
Last month's two top-rate providers Aviva and Canada Life cut level annuity rates, allowing Aegon Scottish Equitable to jump ahead in the rates table. The provider held its rates for the month at £6430...
Occupational pension provision has continued to grow in value, but there remains large variance in incomes across the pensioner age group, according to latest government data.
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
Investment consultants are failing to recommend products that outperform net of fees, the Competition and Markets Authority (CMA) has said as its investigation into the market continues.
This week's top stories included coverage of the much-anticipated defined benefit (DB) white paper and the sector's reaction.