Annuities

Legal & General (L&G) has generated a 'record' £330m in cash in the first quarter of the year as changes to its business following the pension reforms paid off.

PP looks at warnings from the OECD about the UK's direction of travel

Advisers are warning the message on pension reforms has been misunderstood after experiencing a surge in interest from people looking to cash in their annuities.

BlackRock has launched its first drawdown offering for pension schemes to capitalise on the Budget freedoms introduced earlier this month.

A third of people who have already purchased an annuity intend to keep it despite government promises they can sell their right to the income for cash, according to a poll of 1,800 retirees.

The Financial Services Compensation Scheme (FSCS) will soon protect the total value of people's annuities, it has confirmed.

What are schemes doing to get ready for 6 April?

The cut in the lifetime allowance will hit more than just high earners, says Nick Griggs

The TUC’s Tim Sharp says choice is not always a good thing

So Budget day was another busy day for the PP team with further cuts to the lifetime allowance and plans for a secondary annuity market unveiled.