annuity rates

Valuing safeguarded benefits too complex

Friends Life may offer multi-asset funds when it launches its retail platform in April next year, its chief executive has confirmed.

Annuities will continue to be a substantial part of the at-retirement market in ten years' time, albeit with a smaller market share, research by Towers Watson suggests.

Annuity provider Just Retirement has launched a one-year annuity following sweeping pension reforms announced in the recent Budget.

Labour has vowed to push through a pension charge cap and make using an annuity broker mandatory should it win the next general election.

Legal & General Assurance Society has acquired closed UK annuity buy-out company Lucida from LCM Holdings in a deal worth £151m.