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More providers increase annuity cancellation periods

Scottish Widows has increased its cooling off period for annuity purchases to 60 days following the Budget pensions shake-up. The changes revealed by Osborne on Wednesday will allow people to take their entire pension pot as cash from age 55 from April next year. Any Scottish Widows annuity quotations issued since 18 February will now be valid […]

Steve Webb
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Annuities to get more expensive under Budget reforms, IFS warns

The Institute of Fiscal Studies says annuities will become even more expensive with more poor choices after the Government announced reforms to retirement income. In the Budget yesterday the Chancellor said all over-55s can take their pension pot in cash from next April and do not need to buy an annuity. Insurers’ share prices dropped […]

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What employers should expect over the next five years

A major feature of our articles is looking into the Jelf Employee Benefits crystal ball to predict changes and trends that may influence the short and medium term shape of UK employee benefits.  By flagging such changes early we aim to provide our followers with the tools to make sensible and informed decisions on their benefits offerings.

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