Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Pension drawdowns are becoming "increasingly common", according to Just Group's Stephen Lowe, as the latest HM Revenue & Customs (HMRC) figures show £2bn was withdrawn from pension schemes in the third quarter of 2018.
Bulk annuity sales at Just Group have nearly doubled, with total deals amounting to nearly £1.1bn, the insurer's nine-month results reveal.
Retirees could benefit from more sustainable income and higher death benefits by including guaranteed income in the asset mix of their portfolios at retirement, according to research by Milliman.
Prudential has agreed an annuity referral partnership with Hub Financial Solutions as part of the provider's plan to widen the range of products and services available to its customers.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
A record £2.3bn was withdrawn from pensions under Freedom and Choice in the second quarter of this year, according to HM Revenue & Customs (HMRC).
Bulk annuity deals transacted by Just Group totalled £718m in the first half of this year compared to £296m in H1 2017, according to its latest results.
The Aliaxis UK Defined Benefit Pension Scheme has completed a buy-in transaction with Just Group totalling £85m, structured across two tranches of pensions in payment.
Just Group has launched a business in a bid to transform the way trustees, members and financial advisers implement and participate in scheme transfer exercises.