Retirement: Six times when an Annuity is still the right answer

clouds in shape of figureFollowing last month’s Budget, many people, for journalists to so called industry experts have predicted the death of the Annuity. We don’t believe this is the case, in fact to paraphrase Mark Twain, “reports of the death of Annuities has been greatly exaggerated.” Don’t misunderstand us, we firmly welcome George Osborne’s proposals, to give people greater access to their pension pot. The increased flexibility will benefit many people when they come to retire and also encourage ...

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 ...