The Actuary

Record flexible pension withdrawals made
The Actuary
The pension freedoms, introduced on 6 April 2015, enable consumers at a minimum pension age to take savings as cash, buy an annuity, use drawdown without any limits applied, or a combination of all three. However, the Financial Conduct Authority (FCA) ...

Investment Products and Service Launches
The Great-West Smart Track Advisor Variable Annuity aims to provide investment advisers with a flexible and customizable solution for clients seeking investment growth and retirement income. The offering is designed to offer an investment strategy with ...

FT Adviser

Pensions - Articles - Sustainable retirement income remains a core priority
Actuarial Post
The increasing presence of equity release, with volumes up 34% compared to a year ago, and the fact that more than 50% of annuity quotes include medical and health information, also speaks of the demand for more flexible retirement income options.
Charting the later life journeyFT Adviser

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Aria RetireOne to Provide Fee-Based Variable Annuity From Great-West Financial® to Retirement Income Market
PR Newswire (press release)
This unique variable annuity seeks to provide investment advisors with a flexible and customizable solution for clients seeking investment growth and retirement income. Recently, Barron's ranked Smart Track Advisor as the top traditional variable ...

Could improved understanding revive the annuity?
Pensions Expert (registration)
... number of people wishing to buy an annuity, how do experts think the market will develop? Nolan emphasised the need for a “more flexible annuity-like product, which gave some protection against longevity but was also linked to investment markets”.

The Scotsman

Gareth Shaw: Pension freedoms come with a caveat - The Scotsman
The Scotsman
People who have worked hard and saved hard all their lives, and done the right thing, should be trusted with their own finances. Pensioners will have complete ...

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Grenada group demands CLF $$
Trinidad News
GRENADA'S British American Insurance Policyholders Group is poised to take legal action to resolve the issue of payments owed to them by CL Financial (CLF) following the TT Government's bailout of Clico (Trinidad) policy holders, but not them. “This ...

Belfast Telegraph

Accessing pension pots early 'the new norm', says Financial Conduct Authority
Belfast Telegraph
The pension freedoms were launched in 2015 to give over-55s more choice over how they use their pension pot, rather than being required to buy a retirement income called an annuity. The FCA said over half (53%) of pots accessed have been fully ...
Accessing pension pots early 'new norm'CCH Daily inc Accountancy Live (subscription) (blog)
FCA's Retirement Outcomes Review: industry commentIFA Magazine (blog)
all 61 news articles »


Do I invest in a guaranteed investment plan or annuity?
A guaranteed annuity would give you income that could increase by inflation while a market-linked annuity could give a more flexible income that is liked to its performance. This brings into question the issue of risk tolerance. If you are looking for ...