All Annuities articles – Page 8
-
NewsSecondary annuities: Govt starts putting down advice parameters
Many pensioners hoping to sell their annuities on the open market will be required to seek financial advice before doing so, the government has announced, as the industry awaits further detail on the structure of the secondary annuity market.
-
OpinionAnnuities are not dead they’re just sleeping
From the blog: Surveys indicate a significant majority of defined contribution members want steady income in retirement, but just never call it an annuity. So how will they achieve that?
-
OpinionThings in the Autumn Statement you might have missed
Aries Insight’s Ian Neale dissects the Autumn Statement and explains what indirect effects some of the new policies could have on pensions.
-
OpinionRisk of retrospective fury
Editorial: The pension items touched on in Wednesday’s Autumn Statement may not have been as tectonic as the industry has become accustomed to in recent years, but it was further confirmation – if ever it was needed – that a break from ‘progress’ is not on the cards.
-
NewsRBS banks on preferred provider for drawdown
Royal Bank of Scotland’s defined contribution scheme is exploring the addition of a drawdown option via an external provider to enable a seamless transition into retirement for its members.
-
Opinion
DC design: Six graphs on employers’ direction of travel
From the blog: It’s time to turn words into action. While schemes have been extolling the feted ‘better member outcomes’, little movement is taking place to turn hopes and dreams into components of success.
-
OpinionPMI: Drawdown needs minimum income floor to avoid depleted pots
Talking Head: The PMI’s Tim Middleton explains why, when push comes to shove, annuities are an inevitable part of retirement income provision for the majority of savers.
-
OpinionGive it a rest
Editorial: A bit of signposting, scheduling and detail. That’s what most seem to be expecting for the pensions industry in Wednesday’s Autumn Statement.
-
News
Annuity demand expected to resurge
Annuity sales will increase from this year despite the new pension flexibilities, as retirees recognise their need for a level of certainty in retirement, new research has suggested.
-
Opinion
Data crunch: Annuities market being reshaped, not destroyed
We are seeing the annuity market being reshaped before our eyes with astonishing speed. It is sometimes said that pension freedoms have destroyed the annuity market, but is this true?
-
OpinionSafe as houses?
Editorial: How individuals assess risk and reward is extremely complex. Data from the Office for National Statistics this week showed people would prefer to take a punt on property over pensions to deliver a retirement income.
-
NewsTrinity Mirror reviews advisers ahead of DC default appraisal
Trinity Mirror Pension Plan has carried out a consultant review ahead of an appraisal of its defined contribution default fund, spurred by the introduction of the freedom and choice reforms.
-
News
Fuzzy 'new normal' begins to emerge from pension freedom data
Gaps in the data on consumer behaviour following the freedom and choice reforms introduced earlier this year are creating a muddled picture of people’s choices, experts have said.
-
News
DC needs to raise commitment without scaring members
The success of defined contribution is hanging on the ability to drive up contributions while keeping members on side with pension savings, as data show it risks falling short of delivering adequate retirement incomes.
-
Features
Smiths Group claws back deficit after 8-year fight
Technology and engineering conglomerate Smiths Group has reported a significant improvement in the funding position of its defined benefit pension schemes after pursuing a stringent eight-year derisking campaign.
-
Opinion
The science behind DC redesign
DC Investment Quarterly: The introduction of freedom and choice and the charge cap this year marked two profound changes to the defined contribution marketplace, affecting both what DC investment products will be expected to deliver and the limits within which they have to deliver them.
-
Opinion
Freedom for all: Why DB should have access to pension flexibility
Pension freedoms were announced with great fanfare in the chancellor’s autumn statement in 2014 and came into effect in April 2015.
-
News
BBC to lay on financial advice for members looking at transfers
The BBC is to offer paid-for independent financial advice to help members get the most from the pension freedoms, in particular to support those considering transferring their assets.
-
Opinion
Should the secondary annuity market have been pushed back?
The April 2016 timetable for implementation of the secondary annuity market was irresponsible, but the government has been sensible enough to change it.
-
OpinionEditorial: One hundred days…
Last week saw us pass the somewhat arbitrary milestone of 100 days since the introduction of the freedoms, and providers and commentators rushed to give their take on the story so far.