Annuities: Why shopping around for the best rate is still important

Why shopping around for the best rate is still importantSince the Budget, when it was announced that from April 2015 people will have complete access to their pensions once they hit 55, the press has been awash with stories that Annuities are dead. Many experts, including here at Investment Sense, disagree and believe that an Annuity is still the right option in many circumstances, more of which later. For those people who still want to buy an Annuity when they retire, new research has shown why it is still vitally important ...

Annuities: Annuity rates fall by 11.7% during 2012

Annuities: Annuity rates fall by 11.7% during 2012New figures have confirmed that 2012 was a miserable year for many new retirees. The latest figures from the MGM Advantage Annuity Index have shown that Annuity rates fell by a massive 11.7% in 2012, including a drop of 2.5% during the last quarter of the year. The MGM Advantage figures show that last year’s falls are part of a longer term decline, with Annuity rates falling by 21.6% since August 2009....

Retirement: Annuity rates fall 7% in just three months

A new survey has confirmed just how far Annuity rates have fallen over the past few months. The latest figures from the MGM Advantage Annuity Index show that Annuity rates have fallen by 7% over the past three months. Enhanced Annuity rates, which can provide a higher income for people who suffer from ill health or have certain lifestyle issues, such as smoking, fell by 5%. Our advisers can get you the latest annuity rate...