Legal & General (L&G), one of the country's largest annuity providers, has said it expects to see revenues from annuity products fall by three quarters by the end of 2015 following a sweeping reform of the sector.
Jonathan Stapleton asks if the Budget reforms will improve retirement outcomes
This week, respondents were keen on financial education as an antidote to a poorly-functioning annuities market.
Just under half of participants thought The Pensions Regulator (TPR) should regulate annuity brokers.
Far more respondents (almost half) thought financial education was the way forward for retirees, rather than independent financial advisers (IFAs) or annuity brokers.
Barnett Waddingham’s Malcolm McLean says we action on retirement products
Today's Budget pension reforms will not irreparably damage the annuity market, says Just Retirement customer insight director, Stephen Lowe.
Chancellor George Osborne used today's Budget to radically overhaul the retirement income market.
Life insurers and specialist annuity providers saw share values fall after Chancellor George Osborne unveiled reforms to income drawdown.
Progress on the annuities market, charges and defined ambition (DA) may have "stalled", the Work and Pensions Select Committee says.