Consumers' knowledge of annuity options is good but there is "plenty of room for improvement" following the launch of the Association of British Insurers' (ABI) annuity code, the organisation says.
The code, mandatory for all ABI members, came into force in March. It compels providers to start communications about annuities earlier, prompt savers to gather quotes from other providers and highlight...
The secretary of state for work and pensions has told MPs clawback and avoidance measures could be imposed for the people responsible for driving Carillion over the cliff.
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.