Uncertainty following the pension changes in the Budget has driven down demand for annuities by 43.8 per cent year on year, according to a new report.
As the Government gives details of its plans for pensions reform, Fidelity's Tom Stevenson explains the likely impact of the changes.
Ian Stott of The Consulting Consortium considers the cost of pension reform - and who will pay it.
The average annuity rate fell by 0.72 per cent in the second quarter of 2014, according to the MGM Advantage Annuity Index, and rates are expected to remain low into next year.
Young women underestimate the total amount they'll need to save to achieve their ideal retirement income by more than £400,000, according to new research.
A guaranteed income for life is still top priority for retirees despite Chancellor George Osborne scrapping the requirement to buy an annuity in this year's Budget.
The vast majority of pension investors still want a secure income in retirement, research has found, suggesting reports of 'the death of annuities' are premature.
The far-reaching pension reforms announced in this year's Budget have left retirees with more choice and freedom than ever before.
The average person significantly underestimates the length of their retirement, a survey has found.
Retirees need around £15,000 a year for a comfortable retirement, according to a report by automatic enrolment scheme NEST (National Employment Savings Trust).
Choice is great, but with it comes responsibility, especially as the Government will soon be giving retirees the responsibility to choose what they do with their pension pot.
Partnership has become the latest insurer to launch an annuity product allowing consumers to cash out after a year if they change their mind.
Prudential has become the latest life company to report severely hit annuity sales in the wake of radical reforms to how people can access their pension.
RAC rewards customers with cashback offer; EDF Energy and Co-operative Energy announce pricing changes.
The cost of providing "adequate" advice to retirees following the dramatic overhaul of the pensions system could top £40m, according to VouchedFor.co.uk.
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