Are annuities set for a comeback?
After falling out of fashion when the pension freedoms were rolled out in 2015
Annuity
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Hong Kongers to buy insurance without meeting intermediary
To avoid unnecessary contact and reduce risk of spreading the coronavirus
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Aegon exits Japanese joint venture
With 50% stakes in life and reinsurance firms sold to the Tokyo-based partner
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Prudential US fined $1m over inaccurate retirement plans
It sent incomplete information to clients which limited their investment choices
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Market demand sparks Hong Kong insurer to unveil annuity plan
Customers can claim a tax deduction on premiums paid up to the sum of HK$60,000 per tax assessment year
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Prudential hit with nearly £24m FCA fine
Company says it is ‘deeply sorry’ for failures relating to non-advised annuities sales
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L&G expands annuity distribution with Prudential deal
This marks the fourth such agreement Legal & General has done
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Brexit halts Canada Life annuity offering to expats in the EU
Firm admitted it is ‘unaware of any other providers able to offer annuities to non-residents’
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Manulife unveils deferred annuity policy in Hong Kong
Firm sees a ‘rise in public interest’ in these types of products for use as a retirement planning tool
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Women in UK get 40% less pension than men
Study finds the pension shortfall is almost double the gender pay gap
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US to make annuity and life insurance contracts clearer
The move would ensure greater disclosure of information
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Annual drawdown review should consider de-risking with annuity
Retirement expert Billy Burrows suggests review should consider selling down bonds for older clients