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
The Finance (No. 3) Bill was given Royal assent on 19th July.
There were no surprises in the Act from a pension viewpoint just the expected confirmation of the backdated provisions, effective from 06/04/2011, such as:
a) New Drawdown Pension
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
Annuity rates have continued to plummet, with average rates experiencing their biggest monthly fall since last October, according to the latest research from Investment Life and Pensions Moneyfacts. Over the month of September, the average annuity
Annuity providers have been warned that a European Court of Justice (ECJ) ruling might mean they can no longer charge men and women different rates for products. With the ruling stating that it is 'legally inappropriate to link insuranc
I have been reading some posts recently (on Martin Lewis's moneysavingexpert site) suggesting that women, because they live longer than men, dont get a good deal from saving money into a pension/annuity arrangement.
I hate to disagree with the oracle
According to research by Just Retirement, a leading provider of enhanced annuities, around 60% of retirees could claim a higher rate. However, only 12% of annuities purchased are actually set up on enhanced terms.
Enhanced annuities have been
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Call for government to overhaul “at retirement”
Posted By: Chris Hallworth in Articles
The Government has been called upon to overhaul the current 'at retirement' system. Xafinity Paymaster (an annuity payment provider) has said that the coalition has to go beyond its current thinking as outlined by its recent consultat
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- 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.
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