• PENSIONSANDSAVINGS.COM

    From Ros Altmann:economist and pensions,
    investment and retirement policy expert

  • pensionsandsavings.com

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    Category: Annuities and Income Drawdown

    10 reasons to think carefully before buying an annuity in your 60s

    10 reasons to think carefully before buying an annuity in your 60s

    The annuity you will be offered as standard by most pension companies will be a single life level annuity.  It usually offers the highest starting income (although if you have some health conditions you could get more with a different type) but this kind of annuity has many drawbacks which you may not understand.  Therefore, it is vital to think carefully before buying an annuity.  The best thing you can do is to get independent financial advice to help you…

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    Buying annuities is a big gamble

    Buying annuities is a big gamble

    12 August 2013 Buying an annuity is a gamble which can lose all your money – the income is ‘safe’, but your capital isn’t! Regulators not ensuring consumers understand the risks of annuities Defined contribution pension trustees must do more to look after retirees – explain benefits of ‘do nothing’ option for small pots Annuity purchase is a big gamble: Buying a standard annuity in your 60s, which is a relatively young age, is gambling on you staying fit and…

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    250,000 widows and widowers at risk from annuities

    250,000 widows and widowers at risk from annuities

    I’m doing quite a bit of work on annuities at the moment and just thought you might be interested in seeing some of my conclusions.  The current annuity reform agenda benefits the brokers and providers, not the poorly-informed consumers.  I’m particularly worried about future widows left with nothing because their husbands did not realise the implications of annuities. What do you think?  Do leave a comment below. 250,000 widows or widowers at risk in annuity market each year Annuity buyers…

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