Standard Life says those nearing retirement need a pot of £267,000 to get similar income
Laith Khalaf says the golden age of the annuity is in the rearview mirror
There are legal hurdles around purchasing an annuity for members without their consent
A ‘flex first, fix later’ product would seek to achieve the best of both worlds for retirees
Wealth At Work says annuities could be a key option for finance-concerned employees
More data is needed to understand how future pensioners could best use annuity products
This week’s top stories include Prudential Retirement urging schemes to insure member benefits, and the Universities Superannuation Scheme submitting its 2018 valuation.
Two consultancies predict a further acceleration in the bulk annuity market in 2019. Kim Kaveh looks at what schemes should consider.
Smart Pension will roll out an online financial well-being application to help members make decisions about their money in Q1 next year.
Retirees could benefit from more sustainable income and higher death benefits by including guaranteed income in the asset mix of their portfolios at retirement, according to research by Milliman.