Annuities

retirement

Annuity rates take a tumble

The average annuity rate has fallen in the third quarter of 2014 by 2.38%, according to the latest Annuity Index from retirement specialist MGM Advantage.

Retirement | 30 Oct 2014
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Annuity income tumbles £2k since Budget pensions overhaul

The average annuity today delivers just over £2,000 less income over retirement compared to one bought in March, when the Chancellor swept away the need for savers to buy the product in his Budget, according to retirement specialist MGM Advantage.

Retirement | 28 Oct 2014
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Majority of over-65s have made no plans for care costs

More than 90 per cent of over-65s have made no plans to pay for long-term care should they need it.

Retirement | 08 Oct 2014
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BLOG: If an annuity were a home, a castle might become a prison

Ian Sayers, director general of the Association of Investment Companies, finds that it is the 'once and for all' element of an annuity purchase that deters many investors.

Retirement | 23 Sep 2014
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Calls for end to automatic annuity purchases

Pensions campaigner Ros Altmann is leading calls for a ban on automatic annuity purchases.

Retirement | 22 Sep 2014
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Annuity rates inch up as demand dips

Uncertainty following the pension changes in the Budget has driven down demand for annuities by 43.8 per cent year on year, according to a new report.

Retirement | 29 Jul 2014
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BLOG: Pensions - New freedom, new responsibility

As the Government gives details of its plans for pensions reform, Fidelity's Tom Stevenson explains the likely impact of the changes.

Retirement | 29 Jul 2014
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BLOG: The cost of pension freedom

Ian Stott of The Consulting Consortium considers the cost of pension reform - and who will pay it.

Retirement | 25 Jul 2014
Pension deficit

Annuity rates could stay low for forseeable future

The average annuity rate fell by 0.72 per cent in the second quarter of 2014, according to the MGM Advantage Annuity Index, and rates are expected to remain low into next year.

Annuities | 14 Jul 2014
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Young women headed for £400,000 retirement shortfall

Young women underestimate the total amount they'll need to save to achieve their ideal retirement income by more than £400,000, according to new research.

Annuities | 30 Jun 2014
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'Guaranteed income for life' is top priority for retirees

A guaranteed income for life is still top priority for retirees despite Chancellor George Osborne scrapping the requirement to buy an annuity in this year's Budget.

Annuities | 02 Jun 2014
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‘Death of annuities’ reports exaggerated

The vast majority of pension investors still want a secure income in retirement, research has found, suggesting reports of 'the death of annuities' are premature.

Annuities | 30 May 2014
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Your essential guide to the new pension rules

The far-reaching pension reforms announced in this year's Budget have left retirees with more choice and freedom than ever before.

Pensions | 29 May 2014
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Brits have ‘fundamental misunderstanding’ of retirement length

The average person significantly underestimates the length of their retirement, a survey has found.

Pensions | 19 May 2014
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'Comfortable' retirement income is £15k a year, says study

Retirees need around £15,000 a year for a comfortable retirement, according to a report by automatic enrolment scheme NEST (National Employment Savings Trust).

Pensions | 19 May 2014

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