Category Archives: annuity
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
Annuities – don’t knock ’em!
Unwelcome news for anyone looking to turn their pension pot into a secure retirement income. Rates are down due to low bond yields but also because there’s less competition in the market, following the #pensionfreedoms. https://t.co/NWAqReWjMi — Josephine Cumbo (@JosephineCumbo) … Continue reading
The cost of turning pot to pension
I’m pleased to hear that Scottish Widows are planning to open their standard annuity product to the open market (previously only Scottish Widows customers could access this product). Their marketing people tell us It will be available directly from … Continue reading
Posted in actuaries, age wage, annuity, pensions
Tagged Actuary, AgeWage, annuity, pension, Pensions Wise
4 Comments
No one should ever have to buy a poor annuity again.
I’ve just read an article that could best be described as smug. It’s written by a lawyer in the financial regulation team of Foot Anstey – Alan Hughes. I don’t know Alan but I know his firm and have a … Continue reading
Posted in advice gap, age wage, annuity, pensions
Tagged annuity, Drawdown, GAR, George Osborne, pension, personal pension
7 Comments
One life – one retirement – two regulators
Yesterday’s Pension and Benefits UK conference kicked off with consecutive speech’s from TPR CEO Charles Counsell and the FCA’s Edwyn Schooling Latter. Counsell delivered a staid and unambitious rehearsal of tPR’s agenda and frankly I was bored. Schooling Latter spoke … Continue reading
Pension Income’s best kept secret
Did you know that when you buy an annuity you can change your mind? No? Well neither did I. I thought that once you handed your money over to an insurer that it was it, an income for life with … Continue reading
Posted in annuity, pensions
Tagged annuity, David Slater, pensions, retirement line, Robin Ellison
4 Comments
Let’s get back to those three pillars – promising us certain pensions.
There are at least three uncomplimentary ways of thinking about “pensions” in the UK . So disparate are these three that it is hard to talk (or blog) about them in the same place. For a small number of people, pensions … Continue reading
The price of being sick in the head
“Sick in the head”? The phrase doesn’t quite work for Tina – a 38 year old Mum who suffered from post-natal depression and then found her life and critical illness insurances 30% more expensive than if she hadn’t declared … Continue reading
Posted in advice gap, annuity, pensions
Tagged comparison websites, declare, depression, impaired life, Insurance, mental illness, Technology, Tina
1 Comment
Helping people understand their pensions
Last night I spoke to a group of potential investors about AgeWage, they were mainly senior doctors. I thinkthey got it. I hope that you will understand our vision for more understanding of pensions. Here are the slides Here is … Continue reading
Posted in actuaries, advice gap, age wage, annuity, Australia, pensions
Tagged accountants, AgeWage, pensions
1 Comment