annuity
Scottish Widows launches standard annuity onto open market
Scottish Widows has launched its standard annuity onto the open market to sit alongside its existing enhanced annuity.
Five stories you may have missed this week
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Court blocks £12bn annuity transfer from Prudential to Rothesay Life
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
Third of over-55s spend more time choosing a car than preparing for retirement
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, finds Legal & General (L&G) research.
Five stories you may have missed this week
This week's top stories include articles about the CMI's latest mortality projections model and its accompanying report, which show a clear trend in life expectancy.
People need more support and more savings to make the pension system fit for purpose
Professor David Blake gives his view on how the pensions system can be improved.
FCA to force annuity providers to encourage customers to shop around
'Annuity comparator' tool to be established
No systemic failure in enhanced annuity sales - FCA review
‘Small number' of firms asked to review sales
TUC: Nearly 400,000 savers left to fend for themselves
Retirees are increasingly exposed to fraudsters since the pension freedoms were introduced due to the high cost of advice, according to the Trades Union Congress (TUC).
We cannot afford to make mistakes with retirement advice
Helen Morrissey says we need to look urgently at how retirees access advice and guidance.
Aegon agrees annuity referral deal with L&G
Aegon has agreed an annuity referral partnership with Legal & General (L&G) as part of the insurer's plans to stop writing all new annuities in the fourth quarter.
Annuity complaints fall to pre-pension freedom levels
All other pension complaints up
How can trustees help members make better retirement decisions?
Stephen Lowe looks at the support members are likely to need from schemes to help them navigate the complex retirement income market.
FCA to mandate annuity comparison tool
The Financial Conduct Authority (FCA) is considering whether to force firms to provide clients with an annuity comparator tool after initial trials produced a dramatic increase of consumers shopping around for the best deals.
Buyout opportunities for smaller schemes slows
A trend whereby insurers are providing fewer buyout quotations for smaller schemes has accelerated since the end of 2015, according to JLT.
L&G buys Aegon's £3bn annuity book
Aegon has sold the final third of its UK annuity portfolio to Legal & General (L&G) as part of its strategy to free up capital from non-core business.
Could British Steel go down the bulk annuity route?
PP explores the option of putting the British Steel scheme through the bulk annuity market.
A mixed picture for freedom and choice
What impact has freedom and choice had on the behaviour of those looking to access their retirement savings? Gill Wadsworth takes a look.
More than two thirds of over-55s will not cash in annuities
Two thirds of people aged over 55 who have bought an annuity (68%) would be unlikely to cash it in despite being able to from next year.
Rothesay Life buys £6bn annuity portfolio from Aegon
Aegon has sold a £6bn UK annuity portfolio to Rothesay Life in a bid to focus on expanding its investment platform.
How will the JRP merger affect the medically underwritten market?
PP looks at how the Just Retirement and Partnership merger could impact market competition.
How are DB members reacting to the April freedoms?
Defined benefit members are taking advantage of the flexibilities through a number of ways according to research.
Nearly one in five transfers out of DB since April freedoms
Almost one in five members transferred out of their defined benefit (DB) scheme to use their freedoms after receiving advice according to Willis Towers Watson.
Kingfisher completes record-breaking medically underwritten buy-in
The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.
