The government has admitted it is possible no secondary market for annuities will develop if buyers were unable to price the risk of such purchases correctly.
In his Budget today, Chancellor George Osborne launched a consultation on extending pensions freedoms to pensioners who have already bought annuities - setting out the government's plans to give more than...
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.