Retirement: Six times when an Annuity is still the right answer

clouds in shape of figureFollowing last month’s Budget, many people, for journalists to so called industry experts have predicted the death of the Annuity. We don’t believe this is the case, in fact to paraphrase Mark Twain, “reports of the death of Annuities has been greatly exaggerated.” Don’t misunderstand us, we firmly welcome George Osborne’s proposals, to give people greater access to their pension pot. The increased flexibility will benefit many people when they come to retire and also encourage ...

Retirement: When the right answer is to do nothing at all

iStock_000029045488XSmallIf you’re close to your anticipated retirement date or State Pension Age (SPA), your thoughts will be dominated by how to turn your pension pot into an income. Questions such as, is Annuity or Income Drawdown right for me? Would another option be better? How can I get the best Annuity rate will rightly dominate your thoughts. But, there is one option which is all too often overlooked: Deferral....

Annuities: Why accepting the first offer could cost you thousands

iStock_000003051325_ExtraSmallNew research from Investment Sense shows our typical British reserve could be costing retirees thousands of pounds over the rest of their life. The benefit of shopping around and finding out whether you qualify for an Enhanced Annuity when you retire has been well documented. But if you want the very best Annuity income you or your adviser need to do more. Our research shows Annuity providers are routinely quoting lower incomes, only to increase significantly, often by thousands of pounds each year, ...

Retirement: Considering Flexible Drawdown? Three things to do before the end of the tax year

Considering Flexible Drawdown Three things to do before the end of the tax yearIntroduced a couple of years ago, Flexible Drawdown has given an additional option to would-be retirees, who want to convert their pension pot into an income. Essentially, Flexible Drawdown was designed to allow those people who qualify, greater access to their pension fund; in fact, unlike other options, it allows unlimited access. Flexible Drawdown rules Flexible Drawdown works in a very similar way ...