Annuity
‘Act now’ Phoenix Group urges expats as bank accounts close
They may not be able to receive payments from pension providers into their bank
UK bank sells life arm to US reinsurer
It will withdraw its products from the market including annuities and equity release
Indian life insurers must offer annuity product
It will have ‘simple features and standard conditions’ to ‘reduce mis-selling and potential disputes’
Pension withdrawals soared after first lockdown
Financial shocks such as redundancy and furlough were likely contributors to the trend
L&G agrees annuity partnership with online pension service
Firm has already signed deals with Aegon, Prudential and Sun Life