Retirement: Why 21st December 2012 is a key date for male retirees

Everyone knows that Annuity rates have fallen significantly over recent years. The latest dip in gilt yields, to their lowest level since the 1700’s, has done nothing to help the problem. Gender Directive to affect Annuity rates? The issue is likely to be compounded for men by the implementation of the European Union Gender Directive on 21st December 2012. The ruling means that Annuity providers will not be able to discriminate between men and women when they set Annuity rates. Any pension calculator will show that men get better Annuity rates than women, due to the simple fact that they don’t ...

Retirement: How to buy an Annuity

We regularly write articles about Annuities, often looking at topics such as why Annuity rates have fallen, the options  available to you, the importance of using the Open Market Option, and Annuity alternatives. However, we thought we would go back to basics with this article and look at the stages involved in buying an Annuity and what an Independent Financial Adviser (IFA) does when arranging an Annuity on your behalf. So what should an IFA do when arranging your Annuity? Stage 1: Understand your requirements Successfully buying an Annuity isn't simply about finding the best rate, although that is clearly important....