Annuity providers will be required to inform their customers how much they could gain from shopping around and switching provider before they purchase an annuity, the Financial Conduct Authority (FCA) says.
The regulator plans to ask providers to build an "annuity comparator" tool, in the form of an information prompt before an annuity is purchased. The prompt will have to show the difference between the...
Lloyds Bank has launched a joint legal bid with its pension trustees and unions to equalise guaranteed minimum pensions (GMPs) in a move which could cost the industry £20bn.
A quarter of retirees do not believe they have a large enough nest egg to fund their retirement, research has revealed.
Raj Mody says trustees and sponsors must get a handle on the issue of life expectancy assumptions.
The European pensions regulator has launched its second exercise to test the potential impact on schemes in the event of a market crash or longevity shock.