Posted by: Billy Burrows,
on 5/03/10,
in category "Annuity Updates and News"
- this has been read 51 times
As annuity rates have plummeted during the downturn, the brunt of the suffering has been felt by mid-earning professionals. People who have had the income to save into pensions on a long-term basis have seen their pots diminished by Bank of England base rate cuts and stock market turbulence. The recent news gets no better: research shows that annuity rates have fallen by over 10% in the last two years. And to make matters worse for middle-class savers, a pensions 'postcode lottery' has seen those living in more affluent areas offered the worst deals
|
Posted by: Billy Burrows,
on 1/03/10,
in category "Annuity Updates and News"
- this has been read 104 times
There are many important issues for those approaching retirement including how to protect their pension income from the future effects of inflation. This issue has raised its ugly head again as the UK inflation rate rose to 3.5% in January from 2.9% the month before and this is the steepest annual increase for 14 months.
|
Posted by: Billy Burrows,
on 12/02/10,
in category "Annuity Updates and News"
- this has been read 256 times
Pre-retirees looking to avoid buying conventional annuities – which are paying near-record low levels of income – now have more options, thanks to new “third-way” plans.
|
Posted by: Billy Burrows,
on 7/02/10,
in category "Annuity Updates and News"
- this has been read 257 times
The Conservatives have promised to scrap the compulsion for pension savers to buy an annuity by the age of 75.
|
Posted by: Billy Burrows,
on 4/02/10,
in category "Annuity Updates and News"
- this has been read 236 times
|
Posted by: Billy Burrows,
on 15/01/10,
in category "Annuity Updates and News"
- this has been read 730 times
Investors are being advised not to access their pensions before the age of 55 unless they have no other income, ahead of a change to the rules in the next tax year.
Millions of people in their early 50s will have to decide in the next few weeks whether to take their pension benefits early, while they still can. From April 6, the minimum age at which people can access their pension savings will rise from 50 to 55.
|
Posted by: Billy Burrows,
on 6/01/10,
in category "Annuity Updates and News"
- this has been read 996 times
Billy Burrows writes article for BBC website
|
Posted by: Billy Burrows,
on 4/01/10,
in category "Annuity Updates and News"
- this has been read 1053 times
2009 will be remembered as the year of the “Annuity Crunch” writes Billy Burrows
|
Posted by: Billy Burrows,
on 21/12/09,
in category "Annuity Updates and News"
- this has been read 1103 times
|
Posted by: Billy Burrows,
on 21/12/09,
in category "Annuity Updates and News"
- this has been read 1004 times
In November I wrote about the outlook for annuities and tongue in cheek I said that many people thought annuities were legalised theft.
Judging by the comments I obviously hit a raw nerve. so in an attempt to convince people that annuities are not legalised theft I developed a special annuity calculator called "Beat the Annuity"
|
|