LV=

Enhanced annuity sales exceeded a billion pounds in the second quarter of the year, according to research by Towers Watson.

A new website called The Retirement Academy has been launched to help advisers with retirement queries and research in the approach to RDR.

LV= has seen 25% growth across its retirement business over the first half of 2012.

Online adviser support on I-E tax changes and the gender directive has been launched by LV=.

MOVERS & SHAKERS

Who moved where in another busy week in financial services?

LV= has apologised after an "administrative error" left an adviser's client with an income projection 17.5% lower than promised.

INVESTMENT ANNUITIES

Shadow pensions minister Gregg McClymont has reiterated his call to remove the restrictions on the National Employment Savings Trust (NEST) so it can compete more effectively with its rivals.

More than 6 million people aged over 50 have no pension provision in place and look set to rely solely on the state when they stop working, research has found.