Retirement: If your Annuity adviser or broker doesn’t ask you these questions, it’s time for a change

Time to learn conceptual imageBuying an Annuity is a big decision; in fact it’s probably the largest single purchase you will ever make after buying your house. To add a little more danger or excitement, depending on your point of view, once you’ve bought a Lifetime Annuity it can never be changed. If you make a mistake, choose the wrong option, or don’t get the best Annuity rate, there’s nothing you can do ...

Annuities: Myths, misconceptions & mistakes

iStock_000016454287_ExtraSmallAnnuities have hit the headlines over the past few weeks and whilst the quality of journalism is usually pretty good, the same cannot always be said for readers’ comments which accompany online articles. We thought it would be fun to take some of these comments and expose the myths, misconceptions and mistakes we’ve found. “Annuities are not fit for purpose, avoid them like the plague.” One of the more hysterical comments we came across! There’s no denying rates have dropped over recent years, but an Annuity is ...

Pensions: The press, the myths and the reality

iStock_000016454287_ExtraSmallOne of the joys of the internet and social media is that it allows people to exchange their views more freely. However, this new found freedom can allow misinformation and urban myths to be treated as fact; nowhere more so than when pensions are being discussed. We thought we’d have a bit of fun, by analysing some of the comments posted in response to online articles, in various national newspapers. “With Annuity rates around 5% what incentive is there for people to pay into ...

Annuities: Fed up of “greedy” Annuity providers? Then consider other options

iStock_000008982661_ExtraSmallA couple of weeks ago the respected financial Journalist, Dan Hyde, revealed the results of a Daily Mail investigation into the profit margins of Annuity providers. To many people, the findings of the investigation were surprising: “Based on insurers’ own predictions, they claim to make £6,500 profit from every £100,000 of savings. But this assumes savers always pick the very best deal and live until they are 90.” “In reality, on average someone turning 65 this year will die when they ...