All annuities articles
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NewsDC retirees risk running out of savings without major reforms, warns IFS
A major new report has called for the government to reform its regulations to support DC savers in retirement.
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News10 years of pension freedoms: How people are accessing their retirement savings
A decade on from the introduction of pension freedoms, new research reveals that many eligible savers opted to withdraw from their pension under these rules without seeking any advice at all.
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OpinionRecognising the role of annuities in the UK’s growth agenda
Hetty Ahern of the Association of British Insurers explores how the insurance sector can – and does – support the UK’s growth investment agenda.
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NewsPRA warns of ‘systemic risk’ building up in bulk annuity market
The Prudential Regulatory Authority (PRA) has warned of “systemic risk” within the bulk annuity market as insurers compete for defined benefit (DB) pension schemes’ business.
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FeaturesAon’s dashboard approach and the importance of DC income
Independent pensions dashboards consultant Richard Smith continues his series of monthly case studies looking at how providers are preparing for the connection deadlines.
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NewsWhat we learned from the FCA’s retirement data
Pensions Expert delves into the numbers released by the regulator this week to explore what they say – and what they don’t – about the UK’s retirement landscape.
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FeaturesPension freedoms 10 years on: A progress report
It’s a decade since the government announced the end of compulsory annuitisation. What effect has it had?
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OpinionDon’t dismiss a review just because of falling CETV values
Lower defined benefit (DB) transfer values are no reason for members to stop reviewing their options before retirement, says Seb Sherburn, senior pension consultant at HUB Pension Consulting.
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NewsDB transfer compensation rates fall, but savers won’t lose out
Analysis from actuarial consultancy OAC, part of the Broadstone Group, suggests that many people who had been badly advised to transfer out of their defined benefit (DB) pension, may now receive significantly less compensation.
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OpinionAnnuities for the DC generation
Standard Life’s Claire Altman considers the future of annuities for the DC generation, arguing that in future savers will look for ‘blended’ solutions.
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NewsLiving on your own in retirement is bad for your wealth
New research from Standard Life shows that single people need an additional £160,000 compared to pensioner couples who can share costs.
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NewsPension savers 'lose over £600 a year' by not shopping around for an annuity
A healthy 75-year-old buying an annuity with a £50,000 pension could expect about £4,720 income each year for the rest of their life from the most competitive provider compared to £4,070 from the least competitive.
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NewsWhy auto enrolment only guarantees the most basic of retirement incomes
Even those who save the minimum amount into their pension for over 40 years will not have enough to secure the Pension and Lifetime Savings Association's (PLSA) retirement living standards ‘minimum’, ‘moderate’ or ‘comfortable’ retirement as a single pensioner.
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NewsAnnuity rates rise by a fifth in a year
Annuity rates increased by 20 per cent in the last twelve months adding over £25,000 income over the lifetime of the product.
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NewsDC pensions: Providers and regulators need to work on innovation
DC pensions providers, regulators and the wider pensions industry need to develop resources to help members extract more value from their savings, a report has found.
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NewsStill unloved: Annuities struggle to shake off their inflexible reputation
At least a fifth of savers do not believe annuities offer good value, despite rates being at a near 14-year high, a survey has revealed.
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NewsAnnuities are back in fashion, but take up needs to be a long-term trend
Annuity sales surged 22 per cent during the first three months of 2023, according to the ABI, but - despite decades of campaigning - more still needs to be done to educate consumers about them.
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NewsRate rises mean annuities break even sooner
An improvement in annuity rates experienced over the past 18-months has brought forward the break-even point at which pension savers get their original investment by five years, according to Canada Life.
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NewsAnnuities: Sales surge as consumers trade flexibility for security
Sales of annuities have grown by more than a fifth (22%) during the first three months of 2023 according to data from the Association of British Insurers (ABI).
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NewsGovernment explores CDC decumulation schemes
On the go: The Department for Work and Pensions is exploring whether it could introduce legislation for decumulation-only collective defined contribution schemes, since these could help “improve member choice and outcomes”.