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September 27th, 2012

Saving for a comfortable retirement

Making payments towards your pension is one of the most important things you’ll ever plan for, but the reality is that the majority of people are unaware of precisely how much money they should save to ensure a comfortable living after they retire, recent research by HSBC reveals.

September 27th, 2012

Lower annuity rates may mean smaller pension funds for early retirement

Data published by the Pension Policy Institute shows that 30% of people aged between 60 and 64 are limited in their ability to be employed because of a disability, therefore many find it necessary to retire prior to pension age. Consequently, more people must rely on pension funds earlier than expected.

September 26th, 2012

Annuity rates and gender rules

The rules on how annuity rates are calculated will change this December.

September 25th, 2012

Annuity service providers remain following MetLife’s departure

Following MetLife’s decision to exit the fixed-term annuity market, Primetime Retirement, LV=, Just Retirement, and Aviva say they remain.

September 21st, 2012

Annuity sales reach record high

Research conducted by Towers Watson has revealed that enhanced annuity rates have soared and surpassed a billion pounds in the second quarter of this year. The figures showed that sales from the first half of the year were 1.99bn, which is an increase of 39% in comparison to the same time frame in 2011.

September 11th, 2012

Don’t take advice at retirment and you could miss out on benefits or be hit with a big penalty say My Pension Expert

Choosing an annuity is an important decision in life and it is best to seek independent advice on the matter. An independent adviser can help with the small print and what deal is right for you.

September 6th, 2012

Low inflation rates could bring more hardship for would be retirees

Recent drops in the rate of inflation could see more quantitative easing by the Bank of England economists have warned. This could have a dire effect on annuity rates as a result as it has been found cuts in annuity rates occur when prospective quantitative easing is anticipated from the Bank of England. Falling prices for key items such as petrol and clothing contributed to downward pressure on the UK’s rate of inflation.

September 5th, 2012

Low income? Getting advice on annuities is key

Pensions minister Steve Webb recently proposed a process in which a pension fund would follow a worker as they moved from job to job. However it has recently been warned that workers with smaller pension funds could risk missing out on much needed annuity advice.

September 3rd, 2012

Annuity delay may be costly

As annuity rates free fall, people are being warned not to delay in purchasing annuities in the hope of receiving a higher income. Rates are likely t remain low for the short term.

September 3rd, 2012

Does it pay to delay your annuity purchase

As pressure is put on annuity rates, specialists in the area of retirement income, MGM Advantage, have analysed whether or not it pays to delay your annuity purchases. There is an idea that you may receive a better income if you waited a year or two.

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