The guaranteed fixed term income plan is part of Aviva’s strategic transformation programme for its annuity business.

Key highlights the need for specialist advice on tax and income risks when gifting from pensions and property.

Dr Suzy Morrissey has been appointed by DWP to prepare an independent report ahead of the review.

Advisers are urged to focus on the Consumer Duty challenge posed by the inclusion of unused pension funds in estates.

From 6 April 2027, most unused pension funds and death benefits will be included in the value of an individual’s estate for IHT purposes.

BWS intends for Blumont and Just to operate as a single, consolidated insurance group under the Just brand.

Key is calling for advisers to focus on the later life lending advice obligation created by changes in IHT rules coming into effect in April 2027.

The measure will bring unused pension funds and death benefits into the scope of inheritance tax from April 2027.

The government is set to begin its latest review of the state pension age earlier than expected.

Tomorrow’s retirees are on track to be poorer than today’s, the research shows.