Over 80% of IFAs have predicted annuity rates will drop over the next five years, according to a survey from MGM Advantage.
More than half of UK adults are creating secondary pensions savings and investments, as inadequate retirement pots create fear about living longer on less, Prudential research suggests.
Each month we ask leading industry figures to answer one big question: Recent research by Towers Watson showed a 24% increase in sales of enhanced annuities in 2009. What are the key factors contributing to this rise?
Aston Goodey discusses the different annuity products available on the market
Mark Stopard discusses the future prospects for variable annuities in the UK
Pension transfer times have failed to improve, despite growing use of the ABI's Options initiative.
In the case of those people approaching retirement or those who have recently retired, the stock market volatility of the last two years has caused the potential for some real financial hardship.
Helping retirees to get the best income possible from their small pension pots is proving to be a real challenge for the industry. Helen Morrissey takes a look at the options available
Annuity rates fell by an average of over 1.5% in the latter half of 2009, according to figures from MGM Advantage.