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State Pension Age Increase to 66 The DWP has issued a call for evidence on increasing the state Pension Age to 66.
Emergency Budget 2010 - Defer Your Annuity In the Budget on 22nd June, the new Government announced that it will end the effective compulsion to buy an annuity with your pension by the age of 75...
Annuity Glossary Annuity terms explained..What is an Annuity? What does Compulsory Purchase Annuity and Purchased Life Annuity mean?
Saving for the future Just a quick glance of our Savings Best Buys will tell you that there are quite a few different types of savings account. Knowing where to put your cash is no easy task with Bonds, ISAs and a whole host of other accounts available.
Use our annuity Best Buys to gauge the best rates on offer for a £10K purchase price.
If you are a smoker or have health problems, look at sample rates for a £10K purchase price.
Use our annuity Best Buys to select the best rates for a £10K purchase price.
Investment Decision TreeWe've created this decision tree tool to help you make the right decisions about whether equity based investments could be appropriate for you.
Assess Your HoldingsUse this tool to review your existing investments against expected or required rates of return and help you decide whether your money is in the right place.
Annuity rates plummet to all time lowThe likelihood of securing a comfortable retirement has taken a further blow, after research from Moneyfacts.co.uk revealed that annuity rates have hit an all time low. Many retirees rely on an annuity to fund their life after work, but average returns are currently smaller than ever before.
Pension problems mount as annuity rates fall againThe average rate for a male aged 65 purchasing a level without guarantee annuity (based on a £10K purchase price) fell from £614 per annum to £609 per annum during the month. Overall, the average male annuity rate has dropped by 6.1% over the last twelve months, whilst the average female rate has fallen by 5.1%.
No retirement for Bank of Mum and DadNew research by Aviva reveals that parents approaching retirement are facing greater financial pressure because their grown-up children are asking for ongoing handouts. One in five (18%) parents who are nearing retirement expect that their children will need financial help in the future, according to the research.
Hard-up retirees left to plunder their savingsRetirees and those soon to give up work are increasingly having to dip into their savings and investments to help them pay day-to-day expenses.
Increase your Annuity income by up to 40% using our online annuity planner in partnership with Premier Retirement Services
Annuity Investments and How They Work?
The current UK retirement age is 65 but the government has plans to raise the UK state pension age for men to 66, by 2016.
When you finally decide to retire or reach pensionable age; you will have been paying into a pension pot or a mixture of personal, company and private pension schemes hoping that you have built up enough money during your working life to give you an income throughout retirement.
You can take up to 25% of your pension savings as a tax-free lump sum, but the rest has to be used to provide you with an income in retirement. For most this means that you must buy an annuity by the age of 75, in basic terms this means you must swap your pension for an income which is normally paid monthly into your bank account.
How do I buy an annuity?
Anniuties come in a variety of styles and you should explore which type suits you best. Our online annuity planner will help you build your annuity and present you with a range of free no obligation quotations for you to compare. You can play around in this area safe in the knowledge you are not committing to anything. When you are ready you can request an application pack to be sent in the post.
What types of annuity investment can I choose from?
We will help you to consider the following types of annuity, explaining how they work and discussing the pros and cons of each: Conventional Annuity; Enhanced annuity; Investment linked annuity.
