Category Archives: annuity

“My pension stole my benefits!”

Posted on September 19, 2021 by henry tapper

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 , , , | 3 Comments

Billy Burrows – the annuity case

Posted on October 14, 2020 by henry tapper

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 →

Posted in annuity | Tagged , | 2 Comments

Reintroducing pensions to the USA

Posted on August 24, 2020 by henry tapper

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 →

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Pension Bee and the fintech annuity

Posted on August 5, 2020 by henry tapper

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 , , , , , | 5 Comments

Do we long-term care?

Posted on February 27, 2020 by henry tapper

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 , , , , , , , | 4 Comments

Dip into your pension at 55 and you could be “pension non grata”.

Posted on January 19, 2020 by henry tapper

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 →

Posted in annuity, pensions | Tagged , , , , , | 4 Comments

Ruston Smith takes staff retirement seriously

Posted on November 12, 2019 by henry tapper

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 , , , , , | 1 Comment

We almost got a pensions dashboard….

Posted on October 30, 2019 by henry tapper

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 →

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Learning how to buy pensions.

Posted on October 20, 2019 by henry tapper

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 , , , , | 2 Comments

What are deferred annuities and why do they matter?

Posted on October 2, 2019 by henry tapper

  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 , , , , , , , | 4 Comments