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Displaying items by tag: annuity

Tuesday, 24 September 2024 12:05

Demand for annuities at record high

There was a record high in demand for annuities among advisers in the first half of the year, according to figures published today by pensions technology provider iPipeline.

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Advisers will be asked to tell clients that the annuity they are being recommended may not produce the best annual income if the firm lacks details of all market rates.
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Friday, 04 November 2016 14:32

Annuity comparison deteriorating, warns McPhail

Bristol-based Hargreaves Lansdown has called for mandatory annuity rate transparency and says the ABI should reinstate ‘annuity window’ rate tracking.
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The whole plan for the secondary annuity market is ‘doomed’, unless a fundamental problem can be addressed, a pensions expert says.
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The returns people receive when selling their annuities are likely to be “very poor”, the managing director of a pensions firm has warned, after reforms were confirmed this week.
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People who have not shopped around for their annuity will collectively miss out on £104m of income over the course of retirement, new analysis has suggested.
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Demand for annuities appears to have climbed, with sale increases suggesting somewhat of a recovery since the slump in April, research has shown.
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Suggestions that the annuity is dead following last week's radical Budget are premature but insurance companies must ensure it does not become extinct like a dodo, a financial consultant says.
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Nearly three quarters of those looking for an annuity lack the confidence to arrange one without the help of an adviser, research shows, as a major review of the sector moves into its next phase.
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Wednesday, 11 December 2013 15:43

HL unveils 5 point action plan for retirement market

Hargreaves Lansdown has detailed a five point action plan to reform the retirement planning sector following the widespread criticism of the annuity market by the Financial Services Consumer Panel this week.
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