Should you delay your Annuity purchase?

With Annuity rates falling and stock markets volatile many people are asking us whether they should delay buying an Annuity in the hope that markets may rise and Annuity rates get better. Any pension Annuity calculator will show you the current Annuity rate applicable to your circumstances, however is there a case for deferring in the hope that rates will rise? We thought we would take a look at some of the reasons for and against deferring your Annuity purchase. Against deferring 1. Can you afford to forgo this income? If you can continue to work or even live off other assets you may be ...

Annuity rates fall to new low

Annuity rates have fallen to record lows over the past few weeks leaving pension savers potentially worse off in their retirement. The Investment Sense benchmark Annuity (Male aged 65, female aged 62, £100,000 non protected rights, level, no guarantee, 50% spouse’s pension payable monthly in arrears) has fallen by over 6% since the middle of the summer and the indications are that we may be in for further reductions in the months and weeks to come. Using a pension Annuity calculator will help you see exactly what Annuity rate you could get right now for your specific circumstances. Falling gilt yields The trend ...