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Unless the Government does the mother of all U-turns, people over 55 will get unprecedented access to their pensions from next April.
The proposed changes have lead many people to suggest that Annuities are effectively dead.
Frankly, we think that’s rubbish and potentially dangerous.
For people who want a simple solution, with no investment risk or need for ongoing management and a relatively attractive return, an Annuity is likely to be the right option....
Unless the Government does the mother of all U-turns, people over 55 will get unprecedented access to their pensions from next April.
The proposed changes have lead many people to suggest that Annuities are effectively dead.
Frankly, we think that’s rubbish and potentially dangerous.
For people who want a simple solution, with no investment risk or need for ongoing management and a relatively attractive return, an Annuity is likely to be the right option....
July 4th, 2014
Unless we see a dramatic U-turn, pensioners will soon have unprecedented access to their pension.
But that has led to a dilemma for anyone retiring before April 2015; how can you create an income now, whilst leaving your options open next year?
There are already a few alternatives:
Income Drawdown
A one-year Fixed Term Annuity
A Self-Invested Personal Pension (SIPP) investing in a deposit account
Now there is another option, Partnership’s Enhanced Choice Annuity.
So how does it work? Is it a viable alternative? Does it get the thumbs up from us?...
June 13th, 2014
A new survey has shown the majority of over 45s expect to have accumulated assets worth £490,990 when they retire.
The survey by Partnership, a provider of Enhanced Annuities, of 2,000 people aged between 45 and 65, found a wide gap between the assets people expect to have built up by retirement and the likely reality.
Property to fund retirement?
The results of the survey show that 89% of people believe property will make up less than 50% of their assets ...
November 5th, 2013
A 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 ...
June 24th, 2013
