Annuities

BlackRock is working to "repurpose" its range of target date funds and introduce an income drawdown product in response to the liberalisation of defined contribution (DC) regulation.

Annuities should continue to play an important role in retirement planning and free guidance, according to research published today by the International Longevity Centre (ILC).

Three quarters of advisers say clients are considering blended pension solutions as a result of the Budget retirement income reforms, according to a poll from LV=.

Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit smaller, according to new research by Towers Watson.

Insurers are expected to offer income drawdown for schemes unwilling to offer the full range of retirement income options to members.

Australia is considering whether to force people to convert all or part of their superannuation benefits into retirement products to help manage longevity.

Unlocking defined contribution (DC) member options will force schemes to outsource their post-retirement processes, industry figures say.

Annuity comparison sites should include details of the types of guarantees available and identify providers that operate a restricted panel, after the Financial Conduct Authority (FCA) updated its guidance.