All Annuities articles – Page 7
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FeaturesLafargeHolcim reconstructs DC scheme
Building materials giant LafargeHolcim has changed the default fund and administration of its defined contribution pension scheme following a value-for-money assessment.
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OpinionWhy we need a minimum income for drawdown
The Pensions Management Institute’s Tim Middleton argues in favour of reintroducing a minimum income requirement for flexi-access drawdown.
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News
Consumers to be encouraged to shop around with proposed annuity provider rules
New plans announced by the Financial Conduct Authority will require annuity providers to make consumers aware of rival deals before they purchase an annuity, but some experts say there should be a similar solution for other retirement products.
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NewsFCA annuity provider rules to encourage consumers to shop around
New plans announced by the Financial Conduct Authority will require annuity providers to make consumers aware of rival deals before they purchase an annuity, and some experts say there should be similar rules for other retirement products.
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OpinionBringing pension schemes together
Editorial: The efforts made to outdo each other with yet another game, more champagne or an enormous plastic animal at the stand have reached a new level at the Pensions and Lifetime Savings Association’s Annual Conference this year.
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News
Treasury scraps plans for secondary annuity market amid consumer protection concerns
Proposed reforms to create a secondary annuity market have been abandoned due to concerns about consumer protection and value for money.
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Opinion
What you need to know before seeking a buyout or buy-in
Jill Clucas from Hogan Lovells outlines the main stages and considerations for trustees who decide a buyout or buy-in is best for their scheme.
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OpinionPLSA: RQM guides savers to quality at-retirement products
The Pension Quality Mark’s Matthew Doyle makes the case for clear guidance and signposting to quality at-retirement products.
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OpinionCan the industry make pensioners happy?
Hugh Nolan from the Society of Pension Professionals outlines how old people’s interests could be served by the pensions industry.
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NewsRestructure or rebrand: Finmeccanica’s DC changes
The decision by FuturePlanner, Leonardo-Finmeccanica’s defined contribution pension scheme, to replace two gilt funds with annuity protection funds despite significant structural overlap, raises questions about the extent to which DC restructuring may just be rebranding.
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Opinion
Annuity v drawdown: Dispelling myths
From the blog: The lead-up to the launch of the pension reforms in April last year created pent-up demand in the market, resulting in many opting to take advantage of the new freedoms and draw down a lump sum.
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OpinionSecondary annuity market: Breaking the fetters or recipe for poor outcomes?
JLT Employee Benefits’ Richard Williams weighs up the pros and cons of launching a consumer annuities market following the pension freedoms introduced in 2015.
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News
Consultations to flesh out details of secondary annuity market
The Financial Conduct Authority and HM Revenue & Customs have both launched consultations to shed further light on how the secondary annuity market could work, but questions were raised about the projected level of take-up.
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OpinionFreedom and choice one year on – how far are we now?
Recent data on how pension funds are being used shows a need for direction from employers, trustees and providers in the wake of freedom and choice, says Mark Pemberthy from JLT Employee Benefits.
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News
Withdrawals slow as freedom and choice demand eases
The pace of withdrawals from defined contribution pension pots started to slow in the three months between October and December 2015, as pent up demand following the introduction of freedom and choice began to ease.
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News
Annuities gain ground on drawdown as savers seek income for life
The anticipated plundering of pension funds following the implementation of the freedom and choice reforms last April has failed to materialise, according to data from the Association of British Insurers.
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News
Tesco gears DC default towards freedoms
Supermarket Tesco has a new default investment structure aimed at allowing members to access the full range of freedoms in its recently established defined contribution plan, but administrative complexity still holds many schemes back.
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News
Death tax 'wrinkle' means potential trouble for dependants
The government should consider allowing the pension pots of those who die before reaching age 75 to be transferred out, experts have said, although some questioned the likelihood of such a move.
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Opinion
How to use bonds in default funds after freedom and choice
Bonds in default funds for UK defined contribution pensions have come under scrutiny since freedom and choice. While lots of schemes and workplace providers have already altered default fund strategies, many have yet to do so.
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Features
Secondhand annuity market takes shape but risk of poor deals looms
Analysis: The government has confirmed it will soften the tax hit for those looking to take advantage of the secondary annuity market, but some experts are concerned the financial services industry holds all the cards in getting the best deal.