Inflation linked Annuities: the case for and against

Inflation has been front page news recently as figures have shown it has risen to the highest level in a generation. It is also generally accepted that the inflation rate suffered by older generations is higher than both published measures. So, case closed, an Inflation Linked Annuity must be bought every time? Well, maybe not. Given the headlines that the latest inflation figures made we thought we’d take a look at the case for and against Inflation Linked Annuities. The case for Erosion of income The effects of inflation can be startling and there is no doubt that it erodes a level or fixed ...

Number of pensioners forced back to work rises

Rising living costs and low interest rates are forcing pensioners back to work in increasing numbers. Figures released last week by the government show that the number of pensioner households where one or members were working had risen by 0.4% over the past three months. The figures, produced by the Office for National Statistics (ONS), form part of a trend with the number of pensioners returning to work increasing over the past few years. Separate figures from the recruitment website peopleperhour.com show that number of newly retired people seeking work has more than doubled over the past year. Unsurprisingly perhaps the largest number ...