WTW and Hymans Robertson have been appointed by Nest Pensions to help develop a new retirement income offering, raising the possibility it could launch a decumulation collective DC (CDC) plan. Nest says...
Leading consultants remain sceptical about whether decumulation-only CDC or transferring DC pots into defined benefit arrangements will be effective solutions to the current decumulation challenge. At a panel event at the Corporate...
Royal London is the latest insurer to enter the bulk purchase annuity (BPA) market, and will be the only mutual operating in this sector. The company will focus on working with trustees...
Four out of 10 people buying annuities did so from their existing pension providers — suggesting many are failing to secure the highest potential income. Data from the FCA shows that rise...
Fidelity International has appointed Hub Financial Solutions to run an annuity broking services for its pension savers. This service will be available to Fidelity’s workplace and retail pension customers and will offers...
A product that offers a guaranteed 10 to 15 per cent more than annuities plus the potential for investment bonuses is being launched to target the workplace DC market and through advisers....
The UK’s ‘retirement security’ has improved, when compared to other countries, according to a global index which rates the wealth and health prospects of the future retired population. Natixis Investment Manager’s Global Retirement...
Individuals remain ill-equipped to manage pension and investment funds in retirement, according to new research among financial advisers. These advisers say it is ‘retirement literacy’ not ‘financial literacy’ that is the pressing...
One out of 10 workers aren’t planning to retire — with a lack of pension savings cited as being the main cause, according to new research from Barnett Waddingham. The consultancy firm...
The UK market is expected to top £40bn this year, with £20bn already signed and another £20bn in the pipeline. The pension risk transfer market as a whole is experiencing a record-setting...
