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
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Apr
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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
Sales of enhanced annuities grew to record levels last year and increased by almost a quarter compared with 2010. Enhanced annuity sales in the UK totalled £3.02 billion in 2011. It is a vast improvement on the previous 12 months when sales amounted to
Delays in taking out an annuity could be costing pensioners up to £5,000 in income, it was reported in the papers last weekend. Annuity rates have fallen by around 3% over the last two months, with an average £100,000 fund now generating £6,624
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Mar
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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
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- Commission Free Annuities Pay the Highest Rates
- The annuity gap widens
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- 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
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- Delays cost pensioners up to £5000
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- EU Court Ruling – Cheaper Insurance Deals Based on Gender Are Illegal
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