Below you'll find a list of all posts that have been tagged as “annuities”
Every so often we review someone’s pensions and find something they had no idea was there. Not extra money exactly, something better. A promise, written into an old policy decades ago, to convert their fund into an income at a rate far more generous than anything available on the market today. It is called a guaranteed annuity rate, and it …
Of all the conversations we have with clients, this is the one that comes up too late most often. Someone loses their husband or wife, contacts the pension provider expecting the income to continue, and is told that it stopped on the date of death. Nothing has gone wrong. The annuity did exactly what it was set up to do, …
It is the biggest financial decision most people ever make, and it usually gets less thought than buying a car. When you reach retirement with a pension pot, you have to turn that pot into an income, and broadly there are two ways to do it. Buy an annuity, and you swap the pot for a guaranteed income for life. …
If you looked at annuities a few years ago and decided they weren’t worth it, it may be time to look again. Across the industry, annuity rates today are widely reported to remain up to 60% higher than they were in 2021 — a gap that has held for some time now, not a brief spike. For anyone with a …
When most people retire, they accept the annuity rate their pension provider offers them. What many never discover is that their health and lifestyle — the very things they might assume would count against them — could entitle them to a significantly higher guaranteed income. That is what an enhanced annuity is for. How an enhanced annuity works A standard …
Five Reasons to Buy a Pension Annuity After a lifetime accumulating pension savings, you reach the point when those savings must provide a regular income for your retirement. The options today are broader than ever — drawdown, lump sums, or a mix of approaches — but the most traditional route, the annuity, has firmly returned to favour. Here’s why. Consider …
