Pensions

Tim Bateman and Stuart McDonald discuss UK government proposals, subsequently abandoned, to permit those in receipt of annuities to sell them to third parties

Labour has named Alex Cunningham as shadow pensions minister.

Savers relying on a defined contribution pension are “sleepwalking” into a pensions black hole, claims a leading asset manager.

UK subsidiaries of the top listed European companies account for more than £100bn of defined benefit (DB) pensions liabilities, according to Barnett Waddingham.

Income levels of annuities are on track for their biggest ever annual fall, according to figures published by comparison site Moneyfacts.

The first test model of a digital interface where people can view all their retirement savings will be developed by March 2017, economic secretary to the Treasury Simon Kirby announced today.

A nationwide campaign to raise pension awareness has been scheduled to take place this week to coincide with Pension Awareness Day.

The proportion of people in their 40s who save adequately for their retirement has fallen from 57% to 53%, according to research by Scottish Widows.

The Financial Conduct Authority (FCA) has launched a consultation on how the free guidance service Pension Wise should prepare for the secondary annuity market.

The UK government should consider different measures for those who want to access their state pension before their qualifying age, the Association of Consulting Actuaries (ACA) has said.