
With annuity rates at a 15-year low, demand for flexible pension income from a stock market investment via income drawdown has doubled.

With annuity rates at a 15-year low, demand for flexible pension income from a stock market investment via income drawdown has doubled.

Companies dragging their heels in setting up annuities lose one or several weeks’ pension income for pensioners. Just a week’s delay can cost over £100 – the worst offenders can cost you over £1,000.
The average household is now £17,480 worse off than at the beginning of the recession 3 years ago, according to new data published today by MetLife Europe. For those nearing retirement, the losses may never be recouped. Financial planning and pension planning have never been more crucial.
New legislation from Brussels is likely to slash pensions annuity rates by up to 30% from 2012. Retirees should contact their financial adviser now, and hurry to buy their pensions annuity while rates are still high.
Twenty per cent of pensioners will soon be living on a monthly income of less than £750 a month from their pensions. At the same time, monthly bills for housing, gas and electricity, travel and clothing will average £490, leaving just £40 per week for food and other living expenses.
















