by bflindall | Aug 31, 2015 | annuities, pensions, retirement
The new Pension Freedom rules allow members of final salary pension schemes, or defined benefit (DB), to switch into defined contribution (DC) arrangements and take advantage of the changes. This allows members of defined contribution (DC) schemes to access their...
by Psyphadeejay | Apr 14, 2015 | annuities
Pensioners currently receiving a poor income from an annuity might be able to sell them for a cash lump sum in future. A plan to create a second-hand market in annuities is being pushed by Pensions Minister Steve Webb, who is looking to offer an escape route to the...
by Psyphadeejay | Feb 2, 2014 | annuities
Pension giant Prudential has been criticised for offering uncompetitive annuity rates to retirees that could reduce their old age income by thousands of pounds. The insurer was highlighted by pension expert Ros Altmann for failing to compete on a level playing field...
