Annuities are as difficult to explain as particle physics for most of the nation while only 5% of the population believe they could effectively describe pensions and key protection insurances.
However the toughest individual item to communicate from a list of 15 posed by Friends Life was income drawdown - a key element of the incoming retirement freedoms. The results highlight the difficult...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.