Simon Read: Pension companies are failing retiring people

Anyone taking out an annuity right now is likely to end up in a worse position than they should. That's because they may not know that they could get a better deal. That, in a nutshell, is why the annuity market is broken. If four out of five people doesn't get the best deal, as a study by the Financial Conduct Authority discovered this week, then there's clearly something terribly wrong.

The Watchdog's report suggested that four out of five consumers could get a higher income by shopping around

Watchdog slammed for lack of action over annuities

Anyone looking to secure a retirement income is likely to miss out on the best option, reports Simon Read

The FCA's chief executive officer Martin Wheatley said there was no market for people with smaller pensions

FCA report claims savers missing out on thousands of pounds due to 'broken' market for pensions policies

Many people saving for a pension are missing out on thousands of pounds in retirement because of the “broken” market for policies, according to a regulator’s report.

The annuities market is not working for consumers, the Financial Conduct Authority has concluded

Annuities market is not working, says FCA

Study launched to try to find out why consumers don't shop around – leaving potential retirement income down by 10%

Bigger pot: The pension reform may help women who had to stop working to raise a family

Why it's not always best to top up your state pension

Don't rush to join the Government's new scheme to get £25 a week more, says Chiara Cavaglieri

Warning over climbdown on pension fees

Savers will be offered pensions “with expensive, and confusing fees”, following a dramatic climbdown by the pensions minister, Steve Webb, over charges.

The tax breaks are good with a pension but the cost in terms of personal financial freedom are often too great

Julian Knight: Why we can’t force people to pay up for their pensions

Making them compulsory will be seen as yet another tax ... and beware the consequences

Money Alert: Church pension scheme at risk

A vicars' pension scheme could be facing a precarious future unless church chiefs face up to a potentially massive deficit. John Ralfe, an independent pension expert, claimed this week that the pension scheme for some 16,400 Church of England clergy is "the riskiest in the country in terms of asset-type".

Minister's pension charges u-turn will hit savers

Government accused of letting savers down and succumbing to pressure as it delays introducing caps

Simon Read: What made the minister change his mind about the retired Britons with frozen pensions?

Regular readers will recall my articles about overseas pensioners and the anger felt by around half a million of them who have had their state pensions frozen.

Simon Read: Energy watchdog, it's time to bite rather than just bark

Rumours have been circulating once again this week that the energy watchdog Ofgem could be scrapped by politicians fed up with its apparent lack of action against the powerful Big Six gas and electricity suppliers. Would the end of the gas and electricity regulator be one to lament?

Vicars' retirement savings in jeopardy, says pension expert

A vicars' pension scheme could be facing a precarious future unless church chiefs face up to a potential massive deficit.

Simon Read: Is it fair that some overseas pensioners receive a higher state pension than others?

Last week I wrote about the fact that about half a million pensioners won't benefit from Government plans to triple-lock UK pensions to ensure a minimum annual increase of 2.5 per cent until 2020.

Rough justice: some police officers who contracted out of Serps will be among those hit by the Government’s streamlining of the state pension system

Losers who never knew in the switch to single-tier pensions

The move to a simplified state system will benefit many in their retirement but a change in which some people will lose out has gone under the radar

Five questions on the annuity row

Annuity row? Is that a rediscovered classic by John Steinbeck? Sadly no. It’s an argument kicked-off by pensions minister Steve Webb who this week published proposals for reform of the annuity market which are now being considered by the Government.

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Do you think you’re ready for retirement? If you are, you’re in a minority.

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