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: When should you buy your Annuity? Now or wait?

With volatile stock markets and falling Annuity rates the timing of an Annuity purchase can be tricky. We thought we would take a look at the advantages and disadvantages of buying your Annuity now. Buying your Annuity now – Advantages Income now. This might sound pretty obvious but the main advantage of buying an Annuity now is that your income will start immediately. This is clearly important if you are finishing work and need to replace the income you will lose, it also helps to reduce the cost of delay, more of which later....

Retirement: Delay to Solvency II to affect Annuity rates?

A delay in the EU’s Solvency II rules could offer some would-be retirees a little relief from constantly falling Annuity  rates. The EU Solvency II rules, which were due to be introduced in January 2014, will force insurers, including Annuity providers, to hold more capital, which could potentially reduce Annuity rates. Retiring soon? Our advisers can help you make the right decision...

Annuity rates fall for a fourth year in a row

New research has shown that Annuity rates fell in 2011, the fourth consecutive year that a fall has been recorded. The figures, produced by the financial information firm Moneyfacts, show that for a 65 year old male, buying a standard Annuity where the income will remain level, the Annuity rate dropped by 8.4% in 2011. The fall was slightly less for a female, at 7.7%. Thinking of retiring or buying an Annuity?...