Annuities

‘Small number' of firms asked to review sales

DWP's consultation into the future of NEST has generated some strongly contrasting responses about whether it should enter the at-retirement product market. Michael Klimes reports

Sue Pemberton looks at how default fund design will need to evolve following Freedom and Choice.

The number of people accessing regulated advice to purchase annuity and drawdown products fell in 2015 according to this year’s Future Book.

With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.

Providers should steer members towards vetted retirement solutions to protect the value of their savings, according to Legal and General Investment Management (LGIM).

The number of bulk annuity market participants is expected to rise by 57% over the next five years according to Barnett Waddingham.

Experts have welcomed figures from the Association of British Insurers (ABI) showing people are making informed decisions about their retirement incomes.

Total payouts in the first year of pension freedom reached £8.2bn, according to data from the Association of British Insurers (ABI).

Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.