MoneySavingExpert News

Annuity

Annuity sales practices failing pensioners, says FCA

Annuity providers aren't doing enough to encourage customers to check if they can get a better deal elsewhere

11 December 2014

Tax break for some annuity holders: Autumn Statement 2014

Under 75s who die having started to draw an income from some annuities from April will have cash passed on tax-free

3 December 2014

New standards for pension providers to be introduced

Pension providers will be required to check whether or not customers buying their products have already taken guidance

27 November 2014

Do you have a lost pension? Get hunting - one MoneySaver found £39,000

A slice of up to £3 billion worth of 'lost' pensions could be yours – and most are easy to trace and reclaim

6 May 2014

Budget 2014: Radical reforms to give greater access to pensions savings

Pension savers will have the option to gain immediate access to their pot at non-punitive rates from age 55

19 March 2014

Pensions firms face competition probe over annuities

The FCA is to investigate the annuities market amid concerns it's depriving many pensioners of a fair retirement

14 February 2014

'Murky' pension practices to be tackled

Retired workers will be able to 'shop around' for new annuity schemes, pensions minister Steve Webb has said

6 January 2014

Annuity rules need tightening to stop rip-offs, report warns

Pensioners face being ripped off when investing in annuities unless rules are tightened urgently, a report warns

9 December 2013

Equitable Life victims to get compensation early

Victims of the Equitable Life scandal will receive £5,000 in compensation a year early, the Government has announced

10 September 2013

Annuities code to protect retirees begins

A new code of conduct for annuity providers has been launched today

1 March 2013