Right Annuity News
18
2012
With annuity rates at record low levels and life expectancy increasing, Andrew Tully, of MGM Advantage, leading enhanced annuity rates providers, looks at the various solutions you might wish to consider. Knowing what might lie around the corner could make some of our big …
17
2012
According to Gemma Goodman, head of Alexander Forbes’ the Annuity Bureau, the current uncertainty in the world markets is helping to keep annuity rates steady this month. She stated that the only annuity provider to move rates this month was Aviva – they dropped rates for regular …
17
2012
Prudential is under fire as delays hit enhanced annuity quotes. It has admitted it is failing to keep up with the increasing volume of inquiries for enhanced annuity plans following a recent complaint by an independent financial adviser (IFA). Peter Davies, of Cardiff-based Create Wealth, …
17
2012
The Bank of England’s (BoE) ongoing £325bn quantitative easing (called QE) programme has been blamed for lowering pension annuity rates, by forcing down gilt yields which are directly linked to annuities and how they are priced. Pension Corporation (PC) has estimated that …
16
2012
Record low annuity rates mean that it’s crucial to compare providers to get the best rates. Thousands of people nearing their retirement that have been saving their money in a defined contribution money purchase pension scheme will actually be worse off than their …
16
2012
UK annuity income is being cut by the eurozone crisis with annuity rates in danger of falling to record lows. Many workers poised to retire shortly face a blow to their annuity income with the current turmoil in the eurozone expected to force …
16
2012
Leading enhanced annuity provider, LV=, has added an enhanced break clause to its fixed term annuity contract. It has become the latest annuity provider to add a form of get-out clause to its fixed term annuity contract for clients who qualify for a …
15
2012
Insurance companies could cut annuity quote guarantee periods looking ahead to the gender deadline. These companies – the annuity providers – are considering reducing their annuity quote guarantee periods in readiness for the implementation of European rules banning gender pricing in insurance plans. In March, 2011, the …
15
2012
In March 2011, the ECJ ruled that insurance companies could no longer take into consideration gender when setting annuity rates or insurance premiums. These changes come into effect later this year, on 21 December. In short, annuity providers will not then be able to …
15
2012
My thanks to Billy Burrows for a really good article questioning if fixed-term annuities are annuities or not. The front page of the insurance industry’s Money Marketing last week had a story about Legal & General warning the Financial Services Authority (FSA) regarding potential fixed-term …
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