Annuity
UK firm rolls out blended retirement income solution
It will allow advisers to offer clients a mix of drawdown and annuity strategies
Annuity rates rise 20% in the last year
A 65-year-old with a £100,000 pension can get up to £7,144 per year
14-year record high for annuity rates
They have increased by 52% in the last nine months alone
Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
US insurer to pay $50m for misleading annuity clients
Regulator finds firm gave ‘false impression’ that quarterly statements listed all fees