Annuities: Annuity rates set to fall?

iStock_000015874214_ExtraSmallAfter increases to Annuity rates in the first half of the year, prospective retirees, many of whom may have delayed their Annuity purchase in the hope of a higher rate, will be left disappointed if predictions that Annuity rates are set to fall come true. Annually, around 400,000 people buy an Annuity with their pension. An Annuity provides retirees with a guaranteed income for life, although over the past few years a number of factors have pushed Annuity rates lower: Increased longevity, we’re all living longer Low ...

Annuities: How to protect yourself from the three hidden risks of buying an Annuity

iStock_000020571826_ExtraSmallDespite rates falling over the past few years, around 400,000 Annuities are bought each and every year by retirees the length and breadth of the UK. An Annuity is generally perceived to be the lowest risk option for people wanting to turn their pension into an income. But whilst the income it provides is guaranteed, there are risks with buying an Annuity. We thought we’d take a look at three of them and suggest ways to ...