UK retirees will suffer if 'freedom and choice' causes the collapse of the annuity market, says Tor Financial managing director David Harris.
Speaking at the Pensions and Benefits UK, Harris said HM Treasury "needs to wake up" and realise the importance of annuities in tackling longevity risk. With the number of old people continuing to grow,...
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.