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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 拢10,000 may still be able to sell.

Presenter: Paul Lewis
Reporter: Ed Davey
Producer: Joe Kent
Editor: Richard Vadon.

Available now

30 minutes

Last on

Sun 23 Oct 2016 21:00

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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Energy

Benefit sanctions

Private sector defined benefit pensions

Broadcasts

  • Sat 22 Oct 2016 12:04
  • Sun 23 Oct 2016 21:00

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