Below you'll find a list of all posts that have been tagged as “Enhanced Annuity”
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 …
Individual annuity sales jumped 22 per cent last year at Legal and General, latest results show. Bucking a wider market trend of falling sales since the pension freedoms, the insurer put part of the spike down to “increased intermediary presence”. FCA data shows annuity sales from October 2015 to March 2016 for those accessing their pots for the first time …
Standard Life has been fined £30.7 million by the Financial Conduct Authority (FCA) over failures in selling non-advised annuities. The regulator took action against Standard Life Assurance, now owned by closed-book pension provider Phoenix, over enhanced annuity sales between July 2008 and May 2016. ‘Standard Life Assurance failed to put in place adequate controls to monitor the quality of the …
Prudential have decided they will no longer sell annuities through advisers or intermediaries via the open market. A spokesman said: ‘We can confirm that we propose to make a change to conventional annuity business written with financial advisers.’ They have decided from the 17th June 2016 ‘we will no longer accept applications for new external conventional annuity business. There is …
The government has stated that from 2017 pensioners will be able to sell their annuities for a lump sum. This would extend pension freedoms to those who’ve already bought a guaranteed income. But can it really work? We wonder… When pension freedom arrived in April 2015, many people missed out. Those who had already bought a guaranteed income no longer …
