In Radical Move, Britain Deregulates Retirement

“Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, any time they want,” said the UK Chancellor of the Exchequer, George Osborne (pictured with his new budget), in his annual Budget speech to Parliament.

‘SIMON’ Makes Indexed Annuities Simpler

Originally a platform for distributing structured notes to broker-dealers, SIMON is adding index-linked annuities to its product suite. Prudential is both an investor and, as of today, a product provider.

Annuities and the Charles Schwab Deal

Most of the annuities now on the Charles Schwab and TD Ameritrade platforms are offered by mutual or foreign-owned life insurers. Lincoln Financial is the sole exception.

Eyewitness to History in the UK

Our guest columnist, who spends part of each year in Britain, offers this exclusive analysis of the implications of the announcements about retirement regulation and annuities by Britain's top treasury official yesterday.

Net annuity cash flow at b/ds fell 19% in 2013: DTCC

December 2013 was the first month of negative net flow into annuities since Analytic Reporting of Annuities, an online service of DTCC’s National Securities Clearing Corporation (NSCC), began collecting broker-dealer annuity transaction data in 2011.

Affluent Americans expect to delay retirement: Cogent

“To the extent that pre-retirees lack confidence about retirement, providers can offer a voice of assurance or reason," said Linda York, the president of syndicated research at Market Strategies International.