Prudential has seen a 46% fall in individual annuity sales during 2015 following the introduction of the April pension freedoms.
In its full year results for the year ended 31 December 2015 the insurance company saw annuity sales plummet from £106m in 2014 to £57m. Many insurers have suffered falls in their annuity businesses...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.