Annuities

This week’s top stories include Prudential Retirement urging schemes to insure member benefits, and the Universities Superannuation Scheme submitting its 2018 valuation.

Two consultancies predict a further acceleration in the bulk annuity market in 2019. Kim Kaveh looks at what schemes should consider.

Smart Pension will roll out an online financial well-being application to help members make decisions about their money in Q1 next year.

Retirees could benefit from more sustainable income and higher death benefits by including guaranteed income in the asset mix of their portfolios at retirement, according to research by Milliman.

LV= has seen a drop in sales for its retirement solutions products as defined benefit (DB) transfers dwindled, its half-year results have revealed.

The High Court has approved Royal London's plan to allow customers with guaranteed annuity rates (GARs) to convert their guarantees into a top-up for their pension pot.

Smart Pension and Legal & General (L&G) have partnered to create a workplace pension retirement income product that will combine drawdown and annuities.

Around one in ten (11%) workers aged over 55 say pension freedoms have encouraged them to save more since the rules came into effect in April 2015, Prudential has found.

A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.

Prudential has sold £12bn in annuity assets to reinsurance business Rothesay Life as part of its M&G demerger announced today.