Financial provider Canada Life is to sell its individual onshore protection business to Countrywide Assured, a division of consolidator Chesnara Plc, for an undisclosed sum.

Four in five (83%) financial advisers say the high level of inflation is their clients main worry this year.

The marked improvement in annuity rates over the past 12 months has also had a positive impact on the cost of guarantees, according to Canada Life research.

The Money Purchase Annual Allowance (MPAA) has created a pensions tax trap for millions of people aged over 55, according to new research.