Annuities

John Towner has been appointed head of origination for the bulk annuity and longevity insurance business at Legal & General (L&G).

Six out of ten trustees and pension professionals rejected pensions minister Steve Webb's bid to allow annuitants to sell their contracts in exchange for cash according to research carried out by PP.

In the first part of our run down of the top 20 news stories of 2014 we present numbers 11-20.

Pension providers should ensure all retirees use the open market to buy an annuity at the point of decumulation to ensure they get the most out of their savings, Just Retirement has said.

The watchdog's findings could mean more work for DC trustees

Why the OECD is correct to challenge the abolition of compulsory annuitisation

The state pension age (SPA) should be set at 72 at least, a leading academic from Leeds University Business School has said.

The Financial Conduct Authority (FCA) is asking annuity providers to look into their non-advised sales going back to 2008 to see if consumers missed out on higher income by buying the wrong type of annuity.

Annuity providers need to make significant improvements to the quality of their written and telephone communications if customer outcomes are to be improved according to the FCA's Thematic Review.

Australia's Financial System Inquiry (FSI) has concluded the best way to improve income in retirement is to force trustees to pre-select a retirement income product for members.