Legal & General said its operating profit for the first half of the year was £941m, boosted by its bulk annuity business.

The annual growth in average pay including bonuses hit 8.2% in June, according to figures published this morning by the Office for National Statistics.

Most over-55s expect to have spent - or expect to spend - a third of their pensions tax-free lump sum within the first six months of taking it, according to a new study.

Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.

Pension dashboard services firms have been urged to maximise the opportunities offered by the extended pensions dashboard deadline.

The Government has confirmed that it intends to move forward with major reforms to automatic enrolment pensions.

SIPP and pensions provider STM Group has agreed in principle to a £41m takeover bid from Guernsey-based investment vehicle PSF Capital GP II Limited, better known as Pension SuperFund Capital.

Chancellor Jeremy Hunt will today promise “evolutionary not revolutionary” pension reforms to unlock capital for high-growth businesses and boost outcomes for pension savers.

The number of pension savers who have changed how their workplace pension is invested has almost doubled in 18 months, with more investing responsibly, according to new research published today.

The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.