Retirement: Anger over Equitable Life Annuity deadline

A protest this week, outside the houses of parliament, has highlighted the problems of some ex-Equitable Life policy holders barred from a £1.5 billion government compensation scheme. Equitable Life was one of the UK most high profile insurers until its collapse in 2001, which left thousands of investors and pensioners nursing considerable financial losses, officially estimated, to be £4.3 billion. Retiring soon? Our advisers can help you make the right decision...

Annuities: Keeping pace with inflation, could With Profits Annuities be the answer?

The problem: how do you secure an acceptable income now with your pension whilst combating the effects of inflation in years to come? Example Annuity income figures Level: £5,691 from Legal & General RPI Linked: £3,040 from Aviva Figures based on a male aged 65, joint life with a female aged 62. Fund of £100,000 (non protected rights). Joint life basis with a 50% spouse’s pension and a 10 year guarantee. One way to combat the effects of inflation is to add RPI (Retail Prices Index) ...