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Displaying items by tag: annuities

The FCA has finalised its guidance to firms offering annuity comparisons online after a review found 92% of websites failed to be clear and fair.
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Pension providers are not trusted to offer impartial guidance on retirement options, according to a new Which? survey.
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The changing landscape in pensions created by the Government's overhaul of the system will form part of a wider probe into the  annuities market.
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Increasing use of income drawdown following the Budget annuity changes could see 20% of pensioners exhausting their funds before they die, pension experts have warned.
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Another major pensions company has predicted its annuity sales will plummet following the Budget.
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A study into the bulk annuity market has shown there were fewer big hitters in the UK last year but researchers predict more firms will enter.
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A retirement planning expert has said it is premature to believe that the overhaul in the pensions system means the the death of annuities.
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The UK annuities market could decline by up to 75% after the recently announced changes to compulsory annuity purchase come into effect, according to PwC analysis supported by a new consumer survey.
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A senior FCA figure has warned against predictions of doom about the annuities market following the radical pension reforms announced in the Budget.
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Tuesday, 18 February 2014 12:21

Big drop in annuity sales despite £12bn total

Sales of annuities fell by 16% last year, newly released figures from the Association of British Insurers have shown.
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