Right Annuity News
01
2008
There are likely to be some winners in respect of the new changes to annuity rates. With postcodes now being considered as part of the annuity equation those living in areas where life expectancy is less could be winners. This points …
01
2008
Some recent research by Watson Wyatt, specialist actuaries, suggests enhanced annuity sales topping £1bn for first time in 2007. This a 35% jump in the take up of the enhanced annuity product between 2006 and 2007. Enhanced Annuities provide people …
01
2008
A recent poll by YouGov has found that people are putting off buying their pension annuities. Instead they are carrying on working. Some people already retired and drawing their annuity are even returning to work. Why? Because of the rising gas …
30
2008
The Pensions Advisory Service (TPAS) have just put out some statistics about the number of pensioners who hit retirement age, don’t take their pension annuity, and choose to carry on working. Figures produced by the Office of National Statistics (ONS) show that …
30
2008
Should the terminology surrounding annuity options at retirement be clearer? Should the term ‘open market option’ (the option to shop around for a better annuity rate) be replaced with something that clearly spells out the value of shopping around. Many do …
30
2008
Some good news for those people buying pension annuities, even though the world economy is going through significant changes which we are all suffering from. There is an adverse impact on house, food and utility prices. However, with this particular cloud, …
29
2008
Do we understand enough about annuities to love them? Do we understand how important an annuity is in the context of the job it does? As Jane Austen wrote in Sense and Sensibility in 1811: “An annuity is a very …
29
2008
It is fair to say that retirees are often not being offered the right annuity. All too often they get an annuity under a ‘one size fits all’ guise, which is clearly wrong. Insurers should provide customers with annuity options …
29
2008
Yet another bit of news about retirees getting insufficient income from their annuity and their State pension. Fine, getting the best annuity rate for your money helps, but… Around one in five people who are within 10 years of retiring have …
28
2008
Organising your pension annuities at retirement may simply not be enough. Annuity income, combined with the State pension, is not providing sufficient income in retirement for many. So, what’s happening? The answer: nearly a tenth of British adults are stepping …
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