Annuities

pensioner

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
tom-stevenson-june-2009

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
Woman shopping on smartphone

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
pensioners1

'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
money-piggy-bank-v2

‘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
egg-nest-savings-pension

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
pension-investment-lp-db-dc

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
Two pensioners

'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
peter-quinton

BLOG: The new pension world - How much risk are you prepared to take?

Choice is great, but with it comes responsibility, especially as the Government will soon be giving retirees the responsibility to choose what they do with their pension pot.

Pensions | 16 May 2014
Old watch

New annuity offers consumers chance to change their mind

Partnership has become the latest insurer to launch an annuity product allowing consumers to cash out after a year if they change their mind.

Annuities | 12 May 2014
prudential-2

Prudential latest insurer to report sharp fall in annuity sales

Prudential has become the latest life company to report severely hit annuity sales in the wake of radical reforms to how people can access their pension.

Annuities | 08 May 2014
new-button

Product launches of the week

RAC rewards customers with cashback offer; EDF Energy and Co-operative Energy announce pricing changes.

Utilities | 25 Apr 2014
clock striking twelve with pound sign

'Adequate' pensions advice for post-reform retirees could cost £40m

The cost of providing "adequate" advice to retirees following the dramatic overhaul of the pensions system could top £40m, according to VouchedFor.co.uk.

Annuities | 20 Apr 2014

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