Volatility of bulk annuity pricing is likely to continue in the coming months amid difficult market conditions according to Aon Hewitt.
Annuities are beginning to see a revival, as retirees shun drawdown and cash withdrawals for a guaranteed income, latest figures from the Association of British Insurers (ABI) have shown.
The Kingfisher Pension Scheme has undergone a £230m medically underwritten buy-in with Legal & General (L&G) in a landmark deal for the bulk annuity market.
Pension Insurance Corporation (PIC) has written £900m of bulk annuity premiums in the first quarter of 2016 according to its end of year results.
As the Chancellor presents his Budget today, PP looks at what could come up for pensions.
LV= has said it will not launch into bulk annuities this year so that it can focus on its core strategy, but remains interested in the market.
Prudential has seen a 46% fall in individual annuity sales during 2015 following the introduction of the April pension freedoms.
Pension savers need much more support if the freedom and choice reforms are to be a success says a major report.
As the EU referendum looms closer it is entirely possible the UK could end up leaving Europe. Kristian Brunt-Seymour finds a Brexit could be both good and bad for pensions.
Scottish Widows' life and pension sales have risen by 10% since 2014 on the back of £2.8bn from its first two bulk annuity deals.