1 in 5 retirees are ‘pensioner millionaires’ study finds

Analysis of Government figures by pension and investment firm Aegon has found there are 840,000 retired couples in the UK who have a weekly income which would cost more than  £1.15m if bought as an annuity.

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Legal & General reports record £10bn in annuity sales

 

Legal & General today reported a record rise in annuity sales in 2018 to over £10bn - suggesting that the predicted death of annuities following the Pension Freedoms may have been overdone.

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Pension Freedoms servicing 'below expectations' - survey

A new survey of financial advisers has found that the servicing of Pension Freedoms business is “well below expectations.”

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New pension freedom campaign seeks to end annuity ‘injustice’

A new campaign has been launched which aims to end the “injustice” suffered by 5m retirees stuck in the “annuity trap.”

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