annuity

The government has commissioned the Government Actuary's Department to review income drawdown tables.

The Organisation for Economic Co-operation and Development has said auto-enrolment is making good progress but pensions minster Steve Webb wants to ‘manage expectations' before early opt-out rates are published.

Trustees of defined contribution schemes must do more to help members purchase retirement income products at the end of their careers, experts warn.

The mandatory code of conduct on retirement choices for all Association of British Insurers (ABI) members, set to be enforced from 1 March, must go further to better help consumers, annuity campaigners have said.

Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.

Insurance companies such as Standard Life and Resolution could lose out from a Financial Services Authority probe into the £11bn annuities market, analysts say.

Details of the thematic review of the £11bn annuity market have been revealed by the Financial Services Authority.

The annuity market will come under investigation by the Financial Services Authority later today when a major review is announced.

Government figures revealing a third of retirees are obese show retirees are not shopping around for annuities, according to Just Retirement.

The move to gender-neutral annuity pricing will lead to a mismatch between assets and liabilities for many schemes, warns Pitmans Independent Trustees.