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Annuities News Stories

Retirement incomes still 27% lower than 2008 level

Updated: 31st October 2017 - First Published: 31st October 2017 A new report by Moneyfacts has revealed that while the total amount of money being saved into personal pensions has surpassed the pre-financial crisis high, the retirement incomes that are being delivered are still 27% lower than in 2008. Read More...

Shift from annuities to drawdown continues

Updated: 26th October 2017 - First Published: 26th October 2017 Annuities used to be the go-to way to secure an income in retirement, but thanks to the pension freedoms, that’s no longer the case. Indeed, demand for annuities has plummeted in recent years, to be replaced by income drawdown. Read More...

Drawdown overtakes annuities – but seek advice

Updated: 13th July 2017 - First Published: 13th July 2017 Once upon a time, annuities were the most popular way to secure an income in later life, but income drawdown is now growing in popularity - yet there are concerns many retirees aren’t making the right decision, with a lack of advice being key. Read More...

Drop in equity release rate could save over £32K

Updated: 04th July 2017 - First Published: 04th July 2017 If you’re looking to release equity from your home, we’ve got good news! The interest rates on fixed lifetime mortgages have fallen for the eighth consecutive month in July, to stand at 5.53%. Read More...

Just 22% buy an annuity – should you consider it?

Updated: 30th October 2017 - First Published: 10th May 2017 At one time, annuities were the go-to option for those planning their retirement income. However, thanks to the pension freedoms, annuities now feature well down the list of income options, but is such a product still worth considering? Read More...

Annuity rate rises boost retirement income by 11%

Updated: 03rd February 2017 - First Published: 31st January 2017 If you’re approaching retirement, you’ll probably be starting to think about the kind of income you could achieve. Well, we have good news, as average retirement incomes have risen by 11% in just three months! Read More...

Want an annuity? Your provider will help you pick

Updated: 28th November 2016 - First Published: 28th November 2016 Buying an annuity can be fraught with difficulty, but what if you still want a guaranteed income? The regulator is stepping in, so it should soon be easier to find the annuity that meets your needs – because your provider is going to help. Read More...

Annuity rates rally after tough few months

Updated: 08th November 2016 - First Published: 08th November 2016 Good news for those seeking a secure income in retirement: our latest analysis has revealed that annuity rates are staging a mini revival after suffering from heavy falls in recent months, so you’ll now be able to get slightly more from your savings. Read More...

Secondary annuity market scrapped

Updated: 19th October 2016 - First Published: 19th October 2016 The Government is cancelling plans for a secondary annuity market, citing concerns about consumer protection. Given there were fears that many could be ripped off – and that it wouldn’t be right for most – the decision has been largely welcomed. Read More...

2016 ILP Moneyfacts award winners announced

Updated: 23rd September 2016 - First Published: 23rd September 2016 The winners of the 2016 Investment Life & Pensions Moneyfacts Awards were announced last night at a glittering ceremony held at the Lancaster London Hotel, amid much expectation and excitement. Read More...


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