Phased approach over 2017
Job losses projected after annuity providers' merger
Annuity provider merger raises pricing questions
Annuity businesses Just Retirement and Partnership have announced a merger deal.
Profits at Partnership Assurance dropped 51% to £64m in 2014 due to falling individual annuity sales in the wake of the Budget reforms, latest results show.
Partnership Assurance Group, the enhanced annuity specialist, has scrapped plans to issue bonds despite "significant interest" from investors.
Changes to savers' rights to access their pension savings announced in the Budget may lead to provider Partnership reviewing its business model and strategy, but the company will continue to have a role to play in the at-retirement market, its chairman...
Partnership Assurance has overhauled its board with the announcement of two new appointments and the departure of Robin Phipps and Marisa Cassoni.
Around £300 million might be brought into the long-term care system by 2025 through the use of disability-linked annuities, according to research.