Scottish Widows

As insurers implement new capital buffers that make bulk annuities less profitable, Kristian Brunt-Seymour explores how it will impact the market.

This year saw major changes in the pensions industry. Here's our run down of what happened.

Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.

Top stories online this week include the Autumn Statement, an updated code of conduct for defined contribution schemes, and a first bulk annuity deal for Scottish Widows.

A fresh approach is required

The Wiggins Teape Pension Scheme has agreed a £400m pensioner buy-in with Scottish Widows in the insurer's first foray into the bulk annuity market.

While auto-enrolment is helping more women to save, much more needs to be done to ensure equal opportunities savings, finds Rebecca Shahoud

The pension system is still penalising women

Only half of all women in the UK are saving enough for their retirement, while nearly a quarter are saving nothing at all, research finds.

Scottish Widows has entered the bulk annuity market and expects to announce its first deal in the coming weeks.