annuity rates

An EU ruling to equalise annuity rates for men and women could be finalised as soon as 1 March.

The DWP will look into improving annuity rates for people with pension pots of under £5,000, pensions minister Steve Webb says.

A TV advert for Aviva, in which the insurer claims it can provide 20% more income for annuity customers, has been banned by the Advertising Standards Authority (ASA).

Advisory firm Torquil Clark today launched a dedicated annuity brokerage service it says could help consumers better access the open market option (OMO).

Long-term low interest rates are damaging pensions and will cause another financial crash, Ros Altmann will tell the Bank of England (BoE) today.

Aviva holds the top spot for level annuity rates this month, despite dropping £20 over October to £5,970 per annum.

Legal & General (L&G) has reported a small decline in sales through IFAs, and says it is increasing its focus on transitioning advisers and bancassurance.

Commercial secretary Lord Sassoon has been told to take steps to improve consumer access to the open market option (OMO) and intervene on poor annuity rates.

Conventional annuity rates have fallen 6.98% while enhanced rates have dropped by 5.32% since June 2009, according to figures from MGM Advantage.

Smokers annuity rates rose in October after months of inactivity but RPI linked and level products were cut, according to Alexander Forbes Annuity Bureau.