Firm launches new annuity in reaction to Budget reforms

A new form of annuity which gives consumers the ability to cash in after 12 months is set to hit the market in reaction to the sweeping Budget reforms. Read more...

Treasury Committee: Pension reforms will spur advice demand

The Government's overhaul of annuities and pensions will lead to more professional financial advice being sought, a key group of MPs say. Read more...

Delay in new capital adequacy rules rattles nerves

It was 'a Budget for makers, doers and savers', in the word of Chancellor George Osborne as he stunned almost everyone with his radical financial plans for pensions in particular, writes Sally Hamilton, deputy personal finance editor of the Mail on Sunday in the last edition of Financial Planner magazine. Read more...

£15m of L&G annuity sales cancelled following Budget

About £15m of annuity sales at Legal and General were cancelled following the radical reforms to pensions in the Budget. Read more...