Displaying items by tag: annuities
More than 32,000 compensated for annuity failings
More than 32,000 pension savers have received £135m in compensation from providers who failed to inform them about enhanced annuity options, the FCA has revealed in its Annual Report and Accounts.
Pension funds recover but annuities remain subdued
The average pension fund increased 13.3% in the second quarter of this year, the strongest quarterly performance since Q3 2009, according to new data.
Lisa Webster: In tough times advisers show their worth
We all know that annuity sales have been in decline for some time with the rise in popularity of drawdown under the Pension Freedoms and the poor value they are perceived to offer.
Drawdown investors beat annuitants since Freedoms
Pensions drawdown investors have seen positive growth in four out of the five years since the Pension Freedoms arrived in 2015, according to a new study.
Pru hit with £23.8m fine after annuity mis-selling failures
The Financial Conduct Authority has today fined The Prudential Assurance Company Limited £23.875m for failures relating to non-advised sales of annuities.
Nearly 1 in 2 pension holders shun advice when accessing pots
The FCA's latest Retirement Income study, published today, has revealed that nearly half of pension savers have accessed their pension pots in the past year without taking regulated advice or guidance.
LEBC reveals 17% increase in pension pot values
1 in 5 retirees are ‘pensioner millionaires’ study finds
SIPPs remain top 3 pension product with advisers
Most pension savers prefer ‘annuities’ to alternatives
