Below you'll find a list of all posts that have been tagged as “annuities”
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 …
Applications could take 14 fewer days to process Legal & General (L&G) has launched a digital application process for annuity applications which it says could trim a fortnight off the time it takes an average case to complete. The provider said it had launched the digital process with a select number of firms and would roll it out in the …
The provider exited the annuity market in 2017 but is now selling a fixed-term product to advisers. M&G has re-entered the annuity market eight years after it stopped selling the retirement products, Citywire can reveal. The provider is launching a fixed-term annuity term product (between five to 15 years) for advisers’ clients, with a minimum lump-sum investment of £10,000. The launch …
Market forces combine to create an attractive environment for annuity sales. Annuity sales have reached a 10-year high and rose 24% from 2023 to 2024. Research from the Association of British Insurers shows that 89,600 pension annuity contracts were sold last year, representing a 24% increase on 2023. The total value of those sales, £7bn, also jumped from the year …
