annuity rates
Poor annuity rates and a bleak outlook for future improvements mean retirees should delay their purchase for as long as possible, an adviser has warned.
Annuity providers marginally increased single life annuity rates this month following the rise in gilt yields to just under 3%, figures have shown.
The average retired person has more than £8,000 of personal debt to repay – with the collective total for the country reaching £96bn, analysis has found.
Other annuity rates articles
The government’s use of quantitative easing (QE) has given pension funds a boost, Bank of England (BoE) economist David Miles has claimed.
Quantitative easing (QE) will not have a significant impact on pensioner incomes, Charles Bean, deputy governor of the Bank of England (BoE) has claimed.
The Bank of England’s decision today to pump an extra £50bn into the UK economy is likely to drive annuity rates down further, insurers have warned.
It's our round-up of the stories your clients may have read in the weekend's national newspapers...
In this week's Retirement Planner quick fire poll we ask: Should annuity providers be prevented from sending out unsolicited own rate illustrations to clients.
The Association of British Insurers (ABI) does not go far enough to protect consumers’ interests when purchasing annuities, Fidelity has said.
The Association of British Insurers (ABI) has proposed three new measures to become part of its planned code of conduct for insurers selling annuities.
Annuity rates have fallen across the board for December as gilt yields have plunged to record lows.
Friends Life will widen its annuity product range and ramp up its consumer marketing next year in a bid to avoid losing its existing savers, and to capture more when it becomes an open market option (OMO) provider.
Banks and providers will create services to help customers shop around for annuities if reforms to the open market option (OMO) succeed, Steve Lowe, director of external affairs at Just Retirement says.
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