Annuity providers pay your adviser a commission for arranging an annuity. The amount paid is usually around 2% of the amount used to buy the annuity. So if you are buying a £20,000 annuity and the adviser gets paid £400 and this s
A study by MGM Advantage (an annuity provider) has revealed the case for using the Open Market Option is stronger than ever. The Latest findings from the MGM Advantage Annuity Index1, which tracks the income paid on enhanced and conventional annuities on a
18
Apr
0
Comments
Should Men annuitise before Gender Ruling comes into force?
Posted By: Chris Hallworth in Articles
The current rates for a £50,000 annuity (level, paid monthly, in arrears) for a healthy 65 year old are:
Male: £3,135 per annum (6.27%)
Female: £3014 per annum (6.03%)
So men get over 4% more, every year for life
by Chris
Last year we saw the European Court of Justice ruling regarding the legality of gender-based pricing in insurance underwriting. The court ruled that taking into account gender when underwriting insurance products was
Just over a third of people retiring this year will be surviving on incomes that put them below the poverty line, it was revealed yesterday. Around 35 per cent of people planning to give up work in 2011 will live on less than £14,400. This is th
1
Mar
0
Comments
EU Court Ruling – Cheaper Insurance Deals Based on Gender Are Illegal
Posted By: Chris Hallworth in Articles
Insurers shouldn’t be allowed to take people’s gender into consideration when calculating premiums, the European Union’s highest court said.
The present system “works against the achievement of the objective o
If you’re a man and you’re approaching retirement, there’s a ruling due out in March from the European Court of Justice that you might want to keep an eye out for. The case being put before the court is to decide whether the pri
The most wide-ranging pension reforms for a generation were unveiled by the Government yesterday. Millions of workers will not be allowed to claim their state pension until they are 66 and companies will be required to automatically enrol staff in pension sc
Although annuity rates have risen over the past few weeks which is welcome news, the gap between the best and worst rates available on the open market have actually increased as some providers fail to pass on the increased rates.
In July 2010 th
Pension payouts have started to creep up again from record lows. Six insurers have increased their rates on annuities over the past couple of weeks. The best deal will now give a 65-year-old man with a £100,000 pension pot an annual income of £6
Categories
Recent Posts
- Commission Free Annuities Pay the Highest Rates
- The annuity gap widens
- Protected Rights are being scrapped from 6th April 2012:
- Should Men annuitise before Gender Ruling comes into force?
- Unisex annuity rates only 8 months away
- Enhanced annuity sales grow
- Why use the open market option
- Deferring an annuity – is it worth the gamble?
- Delays cost pensioners up to £5000
- Finance Bill given Royal assent
- £7bn would be released by OMO reform
- Thousands hit by delays in pension pay-outs
- A third face poverty in retirement
- EU Court Ruling – Cheaper Insurance Deals Based on Gender Are Illegal
- EU discrimination ruling will affect annuity rates.
Tags
annuities for women
annuity
Annuity advice
annuity quotes
annuity tables
commission free annuities
compulsory purchase annuity
enhanced rate annuity
free annuity quotes
impaired life annuity
open market option
short term annuity
temporary annuity Articles (28)
Budget (1)
Featured Projects (16)
Tables (1)
WP Cumulus Flash tag cloud by Roy Tanck and Luke Morton requires Flash Player 9 or better.