Retirement: “Buy your Annuity now”, should you believe your adviser?

Getting the timing right on an Annuity purchase can be tricky, rates are falling almost daily, and many people are torn between buying now before rates drop further and waiting to see if rates, or indeed the pension fund, rise. So, when your adviser tells you to buy an Annuity now, one of the natural reactions might be to think that he or she wants you to buy now so they benefit from a commission payment. We thought we would take a look the three most common reasons people give for delaying their Annuity purchase and examine whether an adviser is ...

How to avoid falling into the Interest Only mortgage trap when you retire

No surprise as interest rates on hold for another month_istockNew research, from the Independent on Sunday newspaper, has found that more than a quarter of a million people with Interest Only mortgages could retire by the end of this decade whilst still having the debt outstanding. Popularity of Interest Only mortgages Interest Only mortgages were very popular in the 80’s and 90’s when they were often set up with Endowments or ISAs (Individual Savings Accounts) as repayment vehicles. However, ...