The Retirement Strategy data pages are designed to offer a wide ranging view of the current annuity rates being offered from providers including impaired, flexible and asset-backed annuity options. The pages also put current rates into historical context, offer the latest annuity best-buy tables and give a general overview of the type of products each provider currently offers.
The Financial Services Consumer Panel is researching the merits of introducing regulated products amid concerns that half of consumers will not pay for advice after the RDR. In a briefing document seen by Money Marketing, the consumer panel says it is commissioning research to understand the benefits, risks and potential scope of regulated products in […]
The Department for Work and Pensions has published an information note in a bid to encourage more employers to consider risk-sharing options rather than closing down final-salary pension schemes. It outlines a range of risk-sharing arrangements available and gives case studies of firms that have schemes. The report explains that cash-balance schemes, used by firms […]
By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]
Expectations for a UK interest rate rise in August hardened after the services sector reported its fastest growth since last October on Wednesday, and were further buoyed by comments made by Bank of England governor Mark Carney in a speech given to the Northern Powerhouse Summit in early July. The IHS Markit CIPS Services Purchasing Managers Index, […]
BlackRock and Schroders are frontrunners to manage £109bn for Lloyds Banking Group’s Scottish Widows Investment Partnership funds, Bloomberg reports. The London-based bank is set to make its decision in the third quarter of this year, after it invited bids for its contract at the start of this year after ending the agreement it had with […]