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 ...

Annuities: Too many people still not shopping around for the best Annuity rate

New research from Age UK Enterprises, part of Age UK, has shown that the message about shopping around for the best Annuity rate is still not getting through to many people. The survey found that 31% of people who had already bought an Annuity, did not shop around for the best Annuity rate and that they were not told by their existing pension provider they might be able to get a higher income elsewhere. Falling Annuity rates make shopping around more important Over the past three years Annuity rates have fallen by around 20%, and by 7% over the past three months, making ...

Retirement: Income Drawdown falls in popularity

The popularity of Income Drawdown, one of the ways in which retirees can withdraw money from their pension, has fallen back significantly over the past year. Income Drawdown allows retirees to take money directly from their pension fund, whilst leaving the capital invested and has previously been popular amongst people who do not want to use their pension to buy an Annuity. Retiring soon? Our advisers can help you make the right decision...