Tag Archives: annuity

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

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“Evolution not revolution” as important for what it omits as what it says.

My view when I started this morning’s blog #Poole #Dorset #NovemberToMember pic.twitter.com/wpLW4EIcjy — Pension Plowman (@henryhtapper) November 16, 2019  I finished reading “Evolution not revolution – five years of freedom” sensing something had been missing. That something has just come … Continue reading

Posted in age wage, dc pensions, defined ambition, defined aspiration, pensions | Tagged , , , , , , , , | 4 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

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Pensions and the power of patience

  There is a polarisation going on when people come to draw their retirement savings and these figures show it very well. Those who want their money early (55-64) want the money in their bank account or at an enhanced … Continue reading

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Should DC investment strategy be driven by pot size?

The FCA’s latest market data was published last week and it’s highlighted trends that I’ve been identifying on this blog for a few months. Just over 645,000 pension plans were accessed to buy an annuity, move into drawdown or take … Continue reading

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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

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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 , , , , | 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

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What price certainty? (Boring blog on annuities and drawdown)

In financial matters, certainty comes at a price. Is it a price that I’m prepared to pay? I’ve been putting myself in the shoes of a friend who is around the same age as me (57) and is hoping to … Continue reading

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Judge rules that people matter (shock)

What does that do to the buyout market? — andrew young (@glesgabrighton) August 19, 2019 Adrian is right, Andrew is barking up the wrong tree! The issue here is not “what does this mean for the bulk annuity market, but … Continue reading

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