With annuity rates at a 15-year low, demand for flexible pension income from a stock market investment via income drawdown has doubled.
Posts Tagged ‘Annuities’
Shifting patterns for taking pension income as income drawdown gathers strength
Monday, September 13th, 2010Choosing a pensions annuity? Pick one to suit your situation
Friday, September 10th, 2010
You may be surprised at the diverse range of pensions annuities to suit every situation. You can opt for an annuity that pays to your family, after you’re gone, or one that doesn’t pay at all – for the moment. This is our round-up of the main annuity types. Read More
Smarter annuities shoppers maximise pension income
Monday, September 6th, 2010Enhanced annuities offer a higher pension income to those whose life expectancy is reduced by smoking, or certain conditions including high blood pressure and high cholesterol. Demand for enhanced annuities was up by 41% in the first half, indicating that good pensions advice is making consumers more ‘savvy’ in their retirement planning.
Pensioners lose out by not seeking unbiased financial advice on pensions annuities
Monday, July 26th, 2010Pensions savers may be losing out on 20-30% of potential pension income, by buying their pensions annuity without taking unbiased financial advice. Many pensions companies fail to clearly explain to savers their right to shop around – the so-called ‘open market option’.
More flexible pension planning and less tax on wealth transfers
Monday, July 19th, 2010The Government is cutting tax on wealth transfers to heirs from 82% to 55% from April 2011. The move offers greater freedom for pension planning, particularly to those with larger pension pots Read More
Purchasing an annuity now safer, as legal obligation fades
Friday, July 16th, 2010
The Government has published its proposals to scrap requirements on purchasing an annuity by age 75. This will give pensions savers more flexibility to time purchasing an annuity, to increase pension income and get a better annuities deal Read More
Unbiased financial advice can add thousands to your pension income
Friday, July 2nd, 2010
From April to June 2010, the difference between the best and worst enhanced annuities would have cut 16.78% off your pensions income. Unbiased financial advice and ‘shopping around’ are essential to obtain the best pension income. Read More
Pensions annuity still most popular route to pension income
Friday, June 4th, 2010Most people are still likely to opt for an annuity for pension income, even if the government removes the requirement to do so, experts have said in a new poll.
Basic State Pension changes – where Con and LibDem agree
Wednesday, May 12th, 2010Now that the new government has been confirmed as a Conservative / LibDem coalition, there are several key implications for the Basic State Pension and the whole pensions area. Click the above headline to read where the Conservatives and the LibDems already agree on pensions.
Annuities – shopping around at retirement can be (worth a) grand
Wednesday, March 31st, 2010When approaching retirement, many wrongly believe they must buy their annuities from their existing pension providers. Nothing could be farther from the truth. In fact, asking an independent financial adviser with access to the whole annuities market can add up to £1,000 per year to your pensions income – for life!
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