Displaying items by tag: annuities

Friday, 14 February 2014 11:04

Annuities probe: Government has a role to play

The Government has a role to play in fixing the failing annuities market, the Financial Services Consumer Panel says, following a damning FCA report published today.

Published in Articles

Tagged under

Friday, 14 February 2014 10:01

Annuities probe leaves retirees high and dry, says MGM director

The FCA's review of annuities fails to go far enough and will be too slow to help thousands of retirees, a pensions director says.

Published in Articles

Tagged under

Friday, 14 February 2014 09:53

Annuities market failing consumers, says FCA

The FCA is to launch a competition market study after concluding that the annuities market is failing consumers.

Published in Articles

Tagged under

Thursday, 16 January 2014 11:45

Drawdown assets at Standard Life reach £10bn

Customers with drawdown pensions at Standard Life have amassed £10bn in assets under administration, suggesting the schemes are becoming a serious alternative to annuities.

Published in Articles

Tagged under

Wednesday, 11 December 2013 15:43

HL unveils 5 point action plan for retirement market

Hargreaves Lansdown has detailed a five point action plan to reform the retirement planning sector following the widespread criticism of the annuity market by the Financial Services Consumer Panel this week.

Published in Articles

Tagged under

Monday, 09 December 2013 11:59

Annuities: time for "urgent" regulatory change says Panel

The Financial Services Consumer Panel has called for urgent change in the "non-advice" annuity market which it says "does not work well for the majority of consumers."

Published in Articles

Tagged under

Monday, 14 October 2013 09:44

Pensions are out of date, says Dr Ros Altmann

Many current pensions will fail to reach their target, leaving pensionholders at the mercy of the annuity markets and stranded with inadequate pensions, warns a new report.

Published in Articles

Tagged under

Monday, 09 September 2013 11:50

FCA may add annuities to £1 trillion savings market probe

The Financial Conduct Authority has said it may launch a probe into annuities following its 'market study' into the £1 trillion UK cash savings market announced today which will look at whether consumers are getting a good deal.

Published in Articles

Tagged under

Monday, 10 December 2012 14:35

Research uncovers the number of canny annuity shoppers

MGM Advantage, the retirement income specialist, has analysed the number of customers who shop around among financial advisers looking to compare annuity rates.

Published in Articles

Tagged under

Wednesday, 14 November 2012 10:53