Annuity

Retirement | 12 Mar 15

Millions of UK pensioners may be granted the ability to sell their existing annuities for cash as ministers serious consider introducing the flexibility in next weeks Budget, the Financial Times reports.

Companies | 3 Mar 15

Equitable Life has reached an agreement to transfer 31,000 annuities, valued at around £875m ($1.35m, 1.2m) , to Canada Life in a bid to release capital for distribution to its long-suffering with-profits policy holders.

Retirement | 16 Feb 15

Axa Wealth is to capitalise on the upcoming UK pension reforms by launching a plan which combines the benefits of an annuity and an income drawdown product.

Retirement | 14 Jan 15

The pensions changes announced in last years budget have already resulted in plummeting annuity sales in the UK market and a host of new products, but according to a new white paper by Altus, the continued lack of understanding around pensions represents a significant opportunity for advisers.

Retirement | 7 Jan 15

Published on 7 January, the report showed that 34% of 200 financial advisers polled in October 2014 predicted that risk-managed funds will usurp the traditional annuity as the market forerunner by 2025