Retirement: Annuity rates in record fall, again!

Any would-be retirees hoping for a break from falling Annuity rates will need to think again following the publication of a new report which shows record breaking falls in Annuity rates. The Moneyfacts Treasury Report: Personal Pension and Annuity Trends makes depressing reading for anyone approaching retirement, although people who bought an Annuity earlier in the year may well feel vindicated by their decision not to delay. According to the report, Annuity rates are heading for their biggest fall in a single year since 2002, having dropped by 8.6% for a male aged 65, since the start of the year. The ...

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...

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: 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....