Annuities: Which way now for Annuity rates? We ask the experts

Crumpled question marks heapUnless 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....

Product review: The Partnership Enhanced Choice Annuity – Income now, but flexibility for the future, how does it shape up?

PartnershipUnless 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?...

Retirement: Most over 45’s expect to retire with assets of £500,000

iStock_000002551071XSmallA 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 ...

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 ...