Annuities

With demand for bulk annuities predicted to reach £350bn by 2026, supply may not be able to keep up, which could push up pricing. Kristian Brunt-Seymour looks at whether it is an issue and what it means for schemes.

Providers should steer members towards vetted retirement solutions to protect the value of their savings, according to Legal and General Investment Management (LGIM).

The number of bulk annuity market participants is expected to rise by 57% over the next five years according to Barnett Waddingham.

Experts have welcomed figures from the Association of British Insurers (ABI) showing people are making informed decisions about their retirement incomes.

Total payouts in the first year of pension freedom reached £8.2bn, according to data from the Association of British Insurers (ABI).

Buy-in and buyout deals slowed down in the first six months to £2.7bn, which is just over half of business written in H1 last year, according to LCP.

There is a risk savers could be "dissuaded" from starting their pension or increasing contributions as a result of Brexit, warns Natixis Global Asset Management.

The volume of bulk annuity deals written in the first half of 2016 was 40% smaller compared to the previous year, according to Aon Hewitt.

Partnership's director of defined benefit (DB) solutions Costas Yiasoumi has left the firm after two years and has been replaced by Tim Coulson.

The ICI Pension Fund has revealed it saved £10m by completing its latest buy-in with Legal & General (L&G) shortly after the EU referendum.