The pension freedoms allow you to build a financial plan that works for you. But with so many choices, it’s easy to make expensive mistakes. We reveal the 10 biggest banana skins you need to avoid.
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Enhanced annuity providers are failing customers by not encouraging them to shop around for the best rates available, the Financial Conduct Authority has found.
George Osborne has confirmed that retirees will be able to pass on annuity income tax-free, if they die before age 75. Currently, where a joint annuity is held, the survivor's pension would be...
The government's older workers' champion has called on more to be done to help thousands of pensioners who might have been the victim of annuities mis-selling.
The average annuity is paying £2,058 less income over retirement than it did before Chancellor George Osborne's March Budget.
Sales of annuities have dropped by more than a third since the Budget in March, data from the Association of British Insurers has revealed.
New figures produced by Zurich outline just how difficult it is to estimate whether going into drawdown or buying an annuity offers the best value for money in retirement.
The gap between the best enhanced annuity rates and the lowest standard annuity rates stands at 30%, according to the latest Annuity Index from retirement specialist MGM Advantage.
The Budget that brought so much positive change for savers and retirees has claimed its first corporate victim.
Just 7% of people will still buy an annuity once new rules giving greater freedom over what people can do with their pension in retirement are introduced next year.
A leading consumer group is demanding urgent regulatory and government-led reform of the annuity market to "prevent millions of pensioners from losing out".
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