The introduction of gender neutral annuity pricing will lead to an increase in the number of people looking to buy individually underwritten annuities, LV= says.
PP editor Jonathan Stapleton looks at the impact of interest rates on retirement income
LV= Asset Management said it expects to see some staff redundancies as it finalises its deal to outsource the management of its funds to Threadneedle.
Providers, advisers and life offices have written to the Treasury pressuring it to allow simpler transfers of assets between savings vehicles.
Threadneedle is preparing to take on the management of LV='s retail and institutional fund range.
Battle lines are being drawn over the open market option as ministers are set to decide on reform this autumn.
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Towers Watson, LV=Asset Management, Future Fund, PGGM, Aegon, Hermes, Sandler O'Neill & Partners
LV= Asset Management has appointed Ian Harvey to the newly-created position of head of institutional development as it looks to build its presence in the institutional market.
An unsecured pension holder aged over 50 but not yet 55 can purchase a lifetime annuity or scheme pension without incurring an unauthorised tax charge, the Treasury says.