Retirement: Thousands of people not comfortable managing their own pension

iStock_000024336538_ExtraSmallFollowing the recent Budget, which proposed that millions of would-be pensioners will have unprecedented access to their pension, new research has shown that thousands of people are not comfortable with managing the risks this will involve. The survey from MGM Advantage, who provides a range of retirement income solutions, conducted after the Budget, revealed: 28% of over 55’s said they were not comfortable taking on the risk of managing their pension so that it provided a suitable income throughout their retirement In contrast ...

Annuities: Where now for Annuity rates?

Crumpled question marks heapPension Annuity calculators show that rates have recovered slightly so far this year but if you are retiring soon, don’t get too excited! The latest figures from the MGM Advantage Annuity Index, show average Annuity rates increased by 3% in the first three months of 2013, the first quarterly interest for two years. However, the good news soon comes to an end, with revelation that over an average retirement of 18-years, a pension fund of £50,000 would now provide £10,224 less income ...

Annuities: Annuity rates fall by 11.7% during 2012

Annuities: Annuity rates fall by 11.7% during 2012New figures have confirmed that 2012 was a miserable year for many new retirees. The latest figures from the MGM Advantage Annuity Index have shown that Annuity rates fell by a massive 11.7% in 2012, including a drop of 2.5% during the last quarter of the year. The MGM Advantage figures show that last year’s falls are part of a longer term decline, with Annuity rates falling by 21.6% since August 2009....

Retirement: Annuity rates fall 7% in just three months

A new survey has confirmed just how far Annuity rates have fallen over the past few months. The latest figures from the MGM Advantage Annuity Index show that Annuity rates have fallen by 7% over the past three months. Enhanced Annuity rates, which can provide a higher income for people who suffer from ill health or have certain lifestyle issues, such as smoking, fell by 5%. Our advisers can get you the latest annuity rate...