Life insurance

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.

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 government’s decision to launch a secondary annuity market, calling the idea “unlikely to benefit that many people”.

Women born in England in 2064 can expect to live to 100 years of age, according to official figures.

Despite “sluggish growth” during 2010-2014, the outlook for the UK life insurance sector is positive, according to a data provider.