This is Money
Fresh annuity crackdown will force providers to tell savers the best rival deal before flogging their own
This is Money
Buying an annuity means using your pension pot to purchase an insurance product that provides a guaranteed income until you die - there's no chance of running out of money altogether. Annuities used to be the main way people funded retirement, but they ...
FCA to force annuity providers to encourage customers to shop around
FCA to force annuity providers to show customers better deals
Annuity providers to be forced to offer price comparison
Want an annuity? Your provider will help you pick
Buying an annuity these days can be fraught with difficulty, what with falling rates, lower incomes and providers disappearing from the market at an alarming rate. Many blame the pension freedoms, which essentially removed the obligation to buy an ...
FCA consults on annuity comparator implementation
FCA annuity provider rules to encourage consumers to shop around
Annuity rates receive 10.6% boost
The gap between the worst standard and best enhanced on a moderately impaired annuity is 26 per cent, the analysis which looked at level annuities without a guarantee and a purchase price of £50,000 at age 65 showed. Andrew Tully, pensions technical ...
Another good month for annuity rates - Hargreaves Lansdown
Annuity rates continued their recent upward trend in November. Find out why now might be a good time to get an annuity quote.
Annuity providers will be required to provide customers with ...
Bill C-27 to add annuity purchase provisions to the PBSA
one option is to purchase an annuity from an insurance company for all pensions in pay, such that the insurance company assumes responsibility for paying the pensions to the affected members – this is a so-called “buy-out annuity”. By doing so, the ...
Buy-side Awards 2016: The winners
Meanwhile, insurer of the year, Rothesay Life, wins for its purchase of the annuity back book of Aegon UK – another example of how regulation is changing the landscape for buy-siders. Such deals are a win-win under Solvency II, as annuities become more ...
Autumn Statement closes pension tax relief loophole for over-55s
In the first year of the pension freedoms, between April 2015 and April 2016, around 300,000 people made use of the new rules and accessed their pension pot in some way - the figure will be far higher by now. This could have been to buy an annuity ...
New rules increase tax on annuity payments | Metro News
(Special) - While purchasing a life annuity with non-registered money has had the benefit of providing a lifetime guaranteed income unaffected by the market ...