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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 […]

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Where does a charge cap fit in this brave new world of pensions?

When George Osborne stood at the dispatch box to deliver his penultimate Budget speech, nobody had predicted the monumental spanner he was about to jam into the spokes of the pensions industry. Make no mistake about it, the package of reforms the Chancellor announced to a stunned – and slightly confused – House of Commons […]

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