Life insurance

The average amount a life assurance policy guarantees to pay up for lesbians, gay men, bisexuals and transgender people (LGBT) now stands at £176,695, according to a survey by insurer Compass.

Prudential will no longer sell conventional annuities through intermediaries due to “market changes”, it announced on Friday.

A group of panelists in a discussion has predicted a secondary annuity market will have potentially more sellers than buyers when it is being rolled out in April next year.

Is the increasing use of medical underwriting in bulk annuity pricing now inevitable? Costas Yiasoumi examines how MUBAs have affected the pensions industry

While most pensioners are aware of the UK government’s plans for a secondary annuity market, only 18% are likely to take advantage, according to a study commissioned by the Institute and Faculty of Actuaries (IFoA).

The Financial Conduct Authority (FCA) has started investigations into the disclosure of exit and paid-up charges of six life insurance firms to determine whether they are treating customers fairly.

Today’s workforce will have to labour into their late 70s and beyond if they want to enjoy the same level of pension as their parents’ generation, warns Royal London.

Andy Cox goes inside an internal audit department and is surprised by what he finds – a job and some tips on dealing with your internal auditor

Some 26% of financial advisers are enjoying an average annual turnover of more than £1m due to pension reforms, according to a survey.