Annuities

The UK should not be scared of giving freedom and choice to people in their pensions, according to Association of Superannuation Funds of Australia chief executive officer Pauline Vamos.

The government is the biggest rival annuity providers face in delivering retirement income products to consumers, according to Barnett Waddingham.

There has been a 55% increase in drawdown sales since the Chancellor announced the liberalisation of the retirement process in March, according to the Association of British Insurers (ABI).

LV= has reported a 36% profit drop in its life and pensions business as a result of lower margins since changes to the annuity market were announced in the Budget.

Many people look to the US and Australia as models of DC best practice. However, are we right to follow their lead when it comes to decumulation? Helen Morrissey takes a closer look.

Greater demand for drawdown has helped compensate for significant losses in annuity broking business at Hargreaves Lansdown.

Pension Insurance Corporation (PIC) increased its operating profit by 200% in the first half of the year following a string of new bulk annuity contracts.

Growth in bulk annuity sales at Partnership Assurance has helped compensate for a 43% fall in individual annuity sales, according to the firm's half-year results.

Strong bulk annuity sales have helped plug losses incurred in Prudential's individual annuity business, its half-year results show.

Aviva will do more mid-sized bulk annuity deals with companies over the remainder of the year after more than doubling its bulk business.