Annuity Selling and Mis-Selling
More than 90,000 savers may be due compensation over mis-sold annuities. Are company pension schemes in better shape than we think? Also benefit sanctions and selling your annuity.
More than 100,000 savers may be due compensation due to the way they were sold annuities. If you think you might be one of them, what should you do? Stuart Bayliss of the Better Retirement Group explains.
A new report claims that defined benefit pension schemes are in extremely good financial shape. If that's the case why do we always seem to be hearing about deficits and disaster? Rob Hammond, a Partner at First Actuarial, and Professor David Blake, Director of the Pensions Institute at Cass Business School, discuss.
Asking job seekers to attend regular meetings, hit certain targets and then imposing benefit sanctions on those who don't could be counterproductive. That's according to a new report from the Behavioural Insights Team, the so called Nudge Unit. Paul speaks to its chief-executive David Halpern.
And this week the government abandoned plans to let pensioners raise money by selling their annuities. But the former pensions minister Ros Altmann tells Moneybox why she believes some of those who bought annuities worth less than £10,000 may still be able to sell.
Presenter: Paul Lewis
Reporter: Ed Davey
Producer: Joe Kent
Editor: Richard Vadon.
Last on
More episodes
Chapters
Annuity Selling
Can you sell your annuity?
Duration: 04:59
Annuity Miss-selling
Getting compensation if you think you were miss-sold.
Duration: 03:42
Benefit Sanctions
Why sanctions could make it harder for people to find work.
Duration: 04:17
Energy Deals
Why sanctions could make it harder for people to find work.
Duration: 04:06
Defined Benefit Pension Schemes
Are they really in trouble?
Duration: 05:51
Related Links
Annuities
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FCA review of annuity sales practices
Energy
The energy market - Federation of Small Businesses
Benefit sanctions
Poverty and decision making – The Behavioural Insights Team
Private sector defined benefit pensions
First Actuarial Best Estimate Index
Pension Protection Fund 7800 Index - estimated funding position for defined benefit schemes
The Greatest Good - Pensions Institute report on stressed defined benefit schemes
Pensions and Lifetime Savings Association –Defined Benefit Taskforce interim report
Broadcasts
- Sat 22 Oct 201612:04BBC Radio 4 FM
- Sun 23 Oct 201621:00BBC Radio 4
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