Openwork must compensate for annuity advice
Openwork was told to calculate the total amount of payments Mr K and his estate have received under the flexible income annuity and add up the total amount of all payments Mr K and his estate would have received under the best conventional annuity.
French AM association calls for cross-border IORP, PEPP-consistent product
... flexible up to a ceiling, access to the retirement savings pot blocked until retirement except in exceptional circumstances, and that individuals be free to choose what to do with their savings at retirement date, such as opting for a capital lump ...
Pension transfers hit record £25bn - FTAdviser.com
More than 25bn was transferred out of pension schemes in 2016 the largest volume in a single year since Origo s Options Transfers service was launched in ...
Transamerica's statement on its new no-commission VA with income benefits
Retirement Income Journal (subscription)
The benefits of tax deferral and lifetime income can only be found in an annuity. We believe fee-based variable annuities with investment flexibility will be one of the few opportunities for clients to plan for guaranteed income and market-type returns.
Pensioners cash in pots on back of inflated transfer values
This is partly a reflection of rules that came into force in 2015 that allow over 55s to cash in their money purchase pensions rather than being forced to buy an annuity with them. As the rules do not apply to final salary schemes, anyone wanting to ...
Don't Just Watch Your Annuity Income Rider!
These attached benefits to an annuity contract are a flexible, efficient way to plan for future lifetime income needs, but this policy value is worthless unless accessed in payment form. In other words, you must turn the income rider on because the ...
Legacy Marketing Group® Joins Forces With Two New Carriers ...
Annuity Outlook Magazine
Legacy_logo Petaluma, CA, January 18, 2017—Legacy Marketing Group® announced today two new strategic alliances that will significantly broaden its ...
A New Platform Provides A Different Approach For Annuities
Financial Advisor Magazine (registration)
"This is the first unified distribution built solely around helping advisors meet their clients' retirement needs with annuities," says Paula Nelson, head of retirement distribution. "Global Atlantic is uniquely positioned to offer the approach given ...
How to retire in 2017 - what do you need to do?
Take flexible income (or just tax-free cash and no income) with drawdown – this is higher risk than an annuity because income is not secure, but it does let you keep your options open. You keep your pension invested and draw any taxable income from the ...