Legal & General (L&G) has seen record growth in its annuity business following increase in demand for bulk annuities, according to the group's half yearly report.
L&G believes bulk annuities will offset fall in sales of individual annuities, which have dropped significantly since the pensions changes announced in the March Budget. It more than quadrupled its...
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".
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.