Annuities

Assessing the strengths and weaknesses of the UK retirement sector

The UK pension system has been undermined by the relaxation of at-retirement regulation, according the 2015 Melbourne Mercer Global Pension Index.

Hugh Nolan takes a look at some of the factors that affect retirement decision making.

Prudential UK and Europe has appointed Michael Abramson to lead its bulk annuity business after Andy Reed decided to step down from the role.

Dissatisfaction with annuities which came to be seen as poor value could be repeated for the pension reforms if members are not given flexibility says Janette Weir.

Avoiding tax, accessing pension freedoms and the lifetime allowance are the topics which most concern people who contact the Pensions Advisory Service (TPAS).

Aon Employee Benefits has launched an online retirement platform, Bigblue Touch 4life, to give scheme members access to freedom and choice.

Aegon has initiated a review of its annuity business in the UK.

Age Partnership has launched a service to gather member information for schemes exploring a medically underwritten bulk annuity deal.

Freedom and choice will leave people poorer unless we harness the power inertia