Tag Archives: annuities
Hymans demand DC pensions for “us great unwashed”
Hymans Robertson issued a press release yesterday that I thoroughly endorse. Hymans’ analysis concludes that DC pension members could increase retirement incomes by as much as 20%1 if new risk sharing options were made available at the point of … Continue reading
IFAs should be circumspect about the allure of annuities
IFAs have a very difficult relationship with annuities. Here’s Julian Stevens , an IFA himself, explaining the problem that faces many of them The trouble is that because annuity rates were so terrible for so many years, whilst equity and … Continue reading
Can these insurers become useful to pension savers again?
Time was when people regarded a pension as an insurance against getting old, right now insurers compete with master trusts and SIPPs for the nation’s retirement saving and the staple features that made them indispensable seem increasingly irrelevant. … Continue reading
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Tagged annuities, assured retirement, Aviva, Canada Life, Hodge, Just, L&G, LV, Pensions, Scottish Widows, Standard Life
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Are you fearful that your savings will run out before you do?
In Australia, people at retirement have DC pots, there is very little DB and the state pension is means tested. How you draw your DC pot down determines your income in retirement for most Aussie savers. We aren’t there yet, … Continue reading
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Tagged andrew Clare, annuities, FORO, Jim Hennington, mark ormston, Pensions
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It is time to take annuities seriously again – Billy Burrows
Annuities have always been a serious business* but since the introduction of pension freedoms in 2015 most retirees (and advisers) have not taken annuities seriously and many invested in pension drawdown rather than purchase an annuity. Annuities have been … Continue reading
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Tagged annuities, annuity, Billy Burrows, Guarantee, Income, Pension Drawdown, Pensions
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For millions, “the partner dies- the annuity dies”- pension credit comforts the bereaved
It’s easy to forget in a world of “pension freedom” that millions of British savers purchased annuities with their pension pots in the 40 years prior to the day George Osborne announced “no one will ever have to buy an … Continue reading
Posted in pensions
Tagged ABI, annuities, annuity purchase, Insurers, Pension Credit
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Pension PlayPen Coffee Morning – Annuities are pants!!….or are they?
Type Online – join via http://www.pensionplaypen.com (evens) When April 26, 2022 10:30 Coffee Morning Event – Annuities are pants!…or are they? At this event we will be discussing how annuities have fallen out of favour in recent times but perhaps … Continue reading
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
Prudential’s seal-clubbers still at large
Back in 2011 I wrote about seal culling. Seal culling;- the practice among financial institutions of providing sub-standard products to existing customers rather than treating them fairly and ensuring they are made properly aware of alternatives. Have you been culled? To answer that question … Continue reading
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Tagged annuities, pensions, retirement line, seal clubbing, seal culling
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Heard the one about the Englishman, the Australian and the American?
If you are a fan of such jokes, read no further – the Social Market Foundation’s (SMF) study “Golden Years? What freedom and choice will mean for UK pensioners“, contains all three characters (unsexed), but there the joking ends. This is … Continue reading
Posted in annuity, Australia, CDC, Paul Lewis, Pension Freedoms, pension playpen
Tagged annuities, Battle of Britain, Freedom and Choice, Just Retirement, Pension Sise, SCF, SMF, Social Market Foundation
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