The average UK household will need to cough up an extra £603.53 a year just to maintain their standard of living, says a new report.
The consumer group which monitors financial services for the Financial Conduct Authority (FCA) has called for a review of the growing direct to consumer annuity market.
A pensioner who built up a pot worth almost £50,000 in a Virgin Money stakeholder pension has been left with just £15,000 after failing to buy an annuity before he turned 75.
Severe delays and errors have hit the payment scheme set up by government to compensate victims of Equitable Life, a report from the National Audit Office (NAO) has found.
Financial advisers have warned that consumers who use annuity comparison websites could end up 'self-harming' and 'paying for their mistakes' for the rest of their lives.
The cost of buying a £5,000 retirement income has jumped by 29% since December 2009, according to an Office for National Statistics report.
Tesco is awaiting regulatory approval to launch an online annuity comparison service, though it does not plan to launch own-brand annuity products.
Saving £2.50 every working day instead of spending it on a latte could result in an extra £187,000 in your pension pot.
Pensioners risk losing thousands of pounds in retirement income by delaying their annuity purchase, a provider has warned.
Half of Britain's retirees could be entitled to higher income due to a health or lifestyle condition that qualifies them for an enhanced annuity.
Millions of Brits are fleeing cities and settling by the seaside to enjoy their retirement years.
People approaching retirement will receive clearer help and information to get the best possible pension deal under a new initiative to be implemented on 1 March.
Around 12,000 pensioners who hold annuities with Legal & General have been left without their regular payouts after a technical blunder.
Today’s average annuity will pay £14,180 less over retirement than an annuity purchased three years ago, new research has shown.
What are investment-linked annuities and are they the essential retirement planning tool?
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