With annuity rates at record lows and longevity increasing, Andrew Tully, pensions technical director at MGM Advantage, asks what the possible solutions are for your clients.
We often wish for a crystal ball in life. Knowing what was around the corner could make some of our big decisions easier, including when to buy an annuity. With annuity rates at a depressing low, many people are toying with buying an annuity now or putting it off for a few months until rates (hopefully) recover. But with a range of legislative, regulation and market changes on the horizon, picking the right time may prove problematic. Macro factors Market factors affecting the cost of gilts continue to cause havoc. With the latest round of uncertainty in the eurozone created by the G...
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