Budget 2014

Pension savers will be among the targets of Aviva Investors' forthcoming low volatility multi-asset strategy, the firm's head of multi-asset has said.

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

The last week has been one of major upheaval in the world of pensions, after George Osborne's latest Budget removed the requirement to buy an annuity, and the FCA then said it was preparing to probe closed life books. But which shares within the sector...

LEADER

LEADER

Labour has backed the Chancellor's move to radically overhaul the pension system, which will give retirees freedom to do what they want with their money at age 55.

Schroders has sold down its stake in beleaguered annuity provider Just Retirement group on Budget day, as Chancellor George Osborne dealt a huge blow to the industry.

Platforms have been labelled the biggest winners of the 2014 Budget, as the increase in the ISA allowance and a move to provide more flexibility for retirees gives the sector a boost.

Standard Life has opened up its retirement product range to customers with a smaller pot of pensions savings, a day after the Chancellor's pension reforms triggered a sell-off among life insurers.

Industry figures have broadly praised George Osborne's 2014 Budget, pointing to the benefits created for savers.