Modernising the annuity market
At least 400,000 of these retirees will go on to buy annuities. Yet according to a recent report from the National Association of Pension Funds (NAPF) and Pensions Institute called Treating DC scheme holders fairly in retirement?, most will not receive ...
Annuities: Time for change
We've seen the introduction of annuity comparison sites over recent years. The problem I have with employers pointing staff towards these things is that there is an implicit recommendation that the employee needs to purchase an annuity as that is all ...
Where to buy an annuity and what it costs
Buying an annuity is the most common way of turning your pension into an income when you retire and is essentially an insurance contract against living too long as it pays out an income every year until you die. Getting the most income for your pension ...
Julian Knight: When it comes to annuities, an adviser can be invaluable
One area where I heartily recommend people take advice is when buying an annuity contract to convert a pension pot into an income for life. The problem for years has been that people have simply signed up to the inferior annuity rates offered by their ...
Jeff Salway: Shopping for the right annuity vital
FCA 'open and neutral' over role of advice in annuity market
FCA head of insurance Nick Poyntz-Wright (pictured) said in an interview with the Financial Times that the regulator wanted to 'facilitate consumer choice' in annuity purchase but that it did not have a 'predisposition' towards annuity advice. 'We don ...
Several life insurers offer immediate annuities
There are several life insurers that offer immediate annuities. However, only a few will give an annuity to someone under the age of 40. You can pick from several options. My preference is for an annuity for life with return of purchase price if the ...
The best way to buy annuities for retirement
(MoneyWatch) Welcome back to my series, 16 Weeks to Plan Your Retirement. My last post discussed how invest your savings to generate retirement income. Here we'll examine the best ways to buy an immediate annuity with a guarantee of a lifetime payout ...
Enhanced and standard annuity income quotes from payingtoomuch.com
Fidelity Investments® Adds Two New Deferred Income Annuities from Guardian ...
TSP and annuities
Federal Times (blog)
Now, I notice that the prediction is that if I use my TSP savings, with about the same amount predicted for me at age 62, to buy a monthly annuity, that annuity will be about one-third of what was predicted seven years ago. Not a very good deal now. My ...
Guaranteed annuities 'usually better'
Lodhia and Swanepoel also turn on its head the conventional wisdom that, in the current environment of low interest rates, it is best to delay buying a guaranteed annuity in the hope that interest rates will improve and that buying at an older age ...