Providers who have cut drawdown charges in the run-up to April 6 to "grab market share" will revisit their decisions in the months to come, suggested LV=.
Online register idea touted as ‘win-win’
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=.
LV= has appointed Jon Pocock as head of portals and integration for its retirement solutions business.
The income for the average retiree is almost 24% less than the minimum wage as pensioners experience an income drop of 66%, according to research.
Women typically receive just £126 in weekly retirement income, which is an income drop of 68% from when they were in the workplace, according to LV=.
Partnership and LV= have responded to the shock changes to the annuity market announced in the Budget by increasing the cooling-off period on their products.
More than a quarter (27%) of savers aged 60 to 65 have no idea of the current value of their pension pots, according to research from LV=.
BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.
Jack Jones analyses the latest trend in the longevity swap market.