Budget 2014: Specialist annuity providers see shares slump

clock •

Life insurers and specialist annuity providers saw share values fall after Chancellor George Osborne unveiled reforms to income drawdown.

Osborne revealed that restrictions on accessing drawdown will be relaxed (PP Online, 19 March). Annuity provider Just Retirement group plummeted 35.88%, while Partnership Assurance Group, a prov...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Alasdair Pal

View profile
More from Alasdair Pal

Fed sets October date for end of QE

Former RBS chief Hester joins stricken RSA as CEO

More on Investment

PLSA updates stewardship and voting guidelines to reflect changing environment
Investment

PLSA updates stewardship and voting guidelines to reflect changing environment

Justin Wray outlines changes around AI, listing rules, climate change and social factors

Justin Wray
clock 28 February 2025 • 3 min read
Schroders to manage £400m following Utmost Life and Pensions partnership
Investment

Schroders to manage £400m following Utmost Life and Pensions partnership

Deal follows Utmost’s entry into BPA market at the end of last year

Jonathan Stapleton
Jonathan Stapleton
clock 28 February 2025 • 1 min read
Partner Insight: A thoughtful approach to private markets
Investment

Partner Insight: A thoughtful approach to private markets

The People's Pension's Dan Mikulskis discusses how private markets can drive long-term growth for pension schemes, but only if costs are controlled.

Dan Mikulskis, The People's Pension
clock 28 February 2025 • 2 min read
Trustpilot