Annuities

Complaints about annuities are continuing to rise more than a year after the Chancellor announced a reform of the retirement income market, according to the latest figures from the Financial Ombudsman Service (FOS).

Former shadow pensions minister Gregg McClymont has been hired by Aberdeen Asset Management to the newly-created role of head of retirement savings

Taking 'freedom and choice' to the masses

Joanne Segars looks at the impact of a Budget that promises further radical change

A list of the key pension announcements in the summer Budget

The pensions industry breathed a collective sigh of relief as the government said it would not introduce a secondary annuities market until 2017.

Supermarket giant Asda has chosen PwC to provide pension accounting services using Skyval for its defined benefit (DB) scheme.

Longevity assessment specialist MorganAsh plans to operate a 'central annuity bureau' in the second-hand annuity market.

UK retirees will suffer if 'freedom and choice' causes the collapse of the annuity market, says Tor Financial managing director David Harris.

The National Employment Savings Trust (NEST) has revealed plans to deliver in-scheme drawdown and deferred annuities in response to the ‘freedom and choice' reforms.