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The Association of British Insurers (ABI) must force pension providers to push retirees towards specialist annuity advice, the National Association of Pension Funds (NAPF) has said.
The National Association of Pension Funds (NAPF) has proposed a nationalised brokerage system to help retirees get the best annuity rate and reform the current “toxic system”.
Insurers have warned of a fresh hike in premiums for millions of customers after the regulator hit the financial services industry with an inflation-busting 15.6% rise in annual fees.
Other ABI articles
Critical illness (CI) and mortgage payment protection insurance (MPPI) are among the most complicated financial products for consumers to understand, the ABI has found.
Cash poor, unpopular and without a director-general, AIFA members are beginning to call for radical measures to rescue the organisation.
In December the ABI launched a consultation into improving the shopping around process for retirement income. Helen Morrissey asks whether the proposed processes go far enough to solve this issue.
How hard is it to design disability-based protection products in 2012, asks Andy Milburn.
Understatement coming up: Stephen Gay was not universally welcomed as the director-general of the Association of IFAs (AIFA).
Stephen Gay is to leave AIFA after just 14 months to join the Association of British Insurers (ABI).
AIFA director general Stephen Gay is to leave the Association of Independent Financial Advisers (AIFA) to become director of life, savings and protection at the Association of British Insurers (ABI).
Doctors are increasingly assisting insurance fraud alongside other professionals such as solicitors and vets, police have revealed.
In this week's Retirement Planner quick fire poll we ask: Should annuity providers be prevented from sending out unsolicited own rate illustrations to clients.
Retirement Planner's round up of the top pensions stories of the week.
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