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 governments 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.
Todays 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.
A parliamentary debate on the rise in the state pension age for women has been scheduled for 7 January after an online petition has secured more than 100,000 signatures.
Experts in the actuarial and accounting industry have criticised the UK governments decision to launch a secondary annuity market, calling the idea unlikely to benefit that many people.