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Archive 2017-06

New pensions minster announced following cabinet reshuffle

Following the government’s latest cabinet reshuffle, Guy Opperman has been appointed as the new pensions minister or the parliamentary under secretary of state for pensions and financial inclusion to give him his full title. He replaces Richard Harrington who was previously in the role for less than a year. Read more >>

Annuity market reforms announced

New reforms recently announced will require annuity providers to inform individuals (when purchasing an annuity) if a higher annuity income can be obtained elsewhere from another insurer. For individuals in poor health i.e. those suffering with high cholesterol, blood pressure, or may have a life limiting condition “enhanced annuities” are often available. Read more >>