Enhanced annuity sales in the UK dropped by a third in the wake of this year's budget, which announced a major overhaul of the retirement process, according to research.
Figures published by Towers Watson show sales of enhanced annuities, which offer higher rates for retirees with health conditions, fell to £600m in the second quarter of the year. This is a drop of...
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.
NEST has signed up to the government-backed Star Initiative, taking all of its 8 million members' pension pots with it.
It is perhaps inherently difficult to find an agreed definition of value for money, but some methodologies could act as a stopgap, argues Jonathan Stapleton.