here’s what you’ve been saying
Category Archives: annuity
“My pension stole my benefits!”
Gareth Morgan has , until now, been a lone voice, howling at the moon on the plight of the low paid faced with decisions on how to spend their pension pot. “Until now” means that he is now joined by … Continue reading
Posted in annuity, auto-enrolment
Tagged annuity, Guidance, Pension Credit, Universal Credit
3 Comments
Billy Burrows – the annuity case
About Annuities Hopefully, you will know what an annuity is? It is a policy which converts a capital lump sum (e.g. your pension pot) into guaranteed regular (monthly) income payments. If you would like to know more about annuities, please … Continue reading
Reintroducing pensions to the USA
The American Department of Labor is demanding that regulated sponsors of their workplace pensions convert participants’ account balances into an estimated monthly income stream at retirement. This follows primary regulation in Congress last year know as the SECURE Act Using … Continue reading
Posted in actuaries, advice gap, annuity, cardamo, pensions
Tagged 401l, Erissa, US, USA
Leave a comment
Pension Bee and the fintech annuity
Legal & General Retail Retirement has agreed a new partnership to provide annuities to PensionBee customers. From 3rd August, customers enquiring about an annuity with PensionBee will be introduced to Legal & General for further information, or to get a … Continue reading
Posted in advice gap, annuity, pensions
Tagged advice gap, AgeWage, annuity, L&G, pensons, retirement line
5 Comments
Do we long-term care?
There’s an elderly care crisis in the UK. Action must be taken now, or the country’s ability to look after elderly people will collapse by 2029. Our report with @cebr_uk looks at why this has happened, and what we can … Continue reading
Posted in actuaries, advice gap, age wage, annuity, Consolation, pensions
Tagged Aviva, Care annuity, Irwinn Mitchell, Just, Legal & General, long term care, pension annuity, pensions
4 Comments
Dip into your pension at 55 and you could be “pension non grata”.
Most people know they can draw the money in their pension pot from 55, and because they can – they do. Very few sustainable drawdown plans are established by people in their fifties and very few annuities. 55% of annuities … Continue reading
Ruston Smith takes staff retirement seriously
I was glad to see Ruston Smith sticking his neck out in the pages of REBA. as Chair of the Tesco Pension Fund, Ruston has always been prepared to go the extra mile and say the things his peers shy … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged advice gap, BSPS, pensions, REBA, ruston smith, Tesco
1 Comment
We almost got a pensions dashboard….
It now seems unlikely that parliament will complete reading the Pensions Bill. The Bill introduces compulsion on employers to provide data to a pensions dashboard and it gives CDC the green light, at first for the Royal Mail and later … Continue reading
Posted in annuity, Big Government, pensions
Tagged CDC, Dashboard, Guy Opperman, Pension Dashboard, pensions
Leave a comment
Learning how to buy pensions.
Mark Ormston who works for Retirement Line has written an excellent blog on linkedin. This is my version of his blog. Are people taking sub-optimal annuity decisions? The figures in the circles are taken from the FCA Retirement income data report … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged AgeWage, Indexation, mark ormston, pensions, retirement line
2 Comments
What are deferred annuities and why do they matter?
Cooper and Cumbo – Aussie dream team In a real example, an Aussie who bought a $10,000 deferred annuity at 65 would receive an annual income of $1741 a year from age 85, if they survived to that age. … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged annuity, Australia, CDC, Cooper, deferred annuity, Drawdown, pensions, Super
4 Comments
