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 ...

Retirement: Pensioners fail to claim state benefits

New research has shown that many pensioners are losing out by not claiming benefits to which they are entitled. The figures from Annuity provider, Just Retirement, show that around 2.5 million pensioners are failing to claim benefits such as winter fuel payments, free bus passes, and council tax credits often because they are not aware that they qualify. Just Retirement believe that 20% of all pensioners are failing to claim any state benefits whatsoever and are therefore losing as much as £872 each year....

Retirement: Best Annuity rate drops over 3% in May

Our research has shown that the best Annuity rate dropped by 3.56% during May. Most Annuity providers, including Canada Life, Hodge Lifetime, Aviva, Just Retirement, LV=, Legal & General and Prudential, have reduced their best Annuity rates during the past month. Annuity rate reduction in May Retiring soon? Our advisers can help you make the right decision...

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 ...