People expect to receive their most significant gift or inheritance at an average age of 52, but many say being given it earlier would have greater impact.

Purchases of value protected annuities have increased 38% year-on-year, according to the FCA’s latest retirement income market data.

Retirement specialist Canada Life has reported a surge in sales of its Fixed Term Income Plan (FTIP) - a shorter term income generating alternative to a lifetime annuity which mostly avoids capital erosion.

Almost two thirds (59%) of Britons find inheritance tax (IHT) rules confusing, according to new research.

Over half (54%) of over-55s who have given a financial gift in the last seven years have failed to keep a record of it, according to new research.

Today’s competitive annuity rates mean the payback period is now 14 years on a benchmark £100,000 annuity purchased by a 65-year-old, generating an income of £7,373 a year.

Total sales growth at Canada Life UK in 2025 climbed 17% to £5.2bn, the firm revealed in annual results published today.

Almost four-fifths, 78%, of over 40s haven’t arranged a power of attorney with one in 10 assuming their partner of spouse will be given power of attorney automatically.

Former Scottish Widows senior executive Emma Watkins will become UK CEO at Canada Life from 1 September.

One in eight people intending to purchase an annuity would not consider switching from their existing pension provider to another supplier, even if they could potentially gain additional retirement income.

Canada Life has appointed Peter Maddern as managing director of retirement, to succeed Tom Evans, who is leaving the business to pursue a new opportunity.

Expanding European life and pensions consolidator Chesnara has acquired Canada Life’s onshore bond arm.

More than two fifths (44%) of people in the UK have not written a will, nor are they currently in the process of doing so, according to new research.

Over two thirds (69%) of Britons believe retiring in our sixties will become a thing of the past, according to new research.

A quarter (22%) of UK adults are holding out for an expected inheritance before going ahead with a major life event, according to new research.