Annuities

Today insurance giants who condemn savers to a life sentence of rip-off pension payouts by depriving them of thousands of pounds of income have been named and shamed - by their own industry body.

MARGINS

Pensioners take ‘the biggest gamble' of their lives when they buy an annuity to provide for their retirement.

Natanje Holt looks at the twin issues of falling annuity values and the recent history of GAD income maximums in drawdown and asks the question: Are we simply going ‘back to the future' rather than looking at a more relevant way of calculating income...

Fewer than one in four major employers say their scheme has a specific ‘decumulation strategy' in place to help retirees get the best annuity, research finds.

Mike Morrison looks at how people make retirement income decisions and concludes they are not always rational.

Jelf Employee Benefits is extending its annuity offering with the launch of its standalone broking service.

ANNUITIES

Up to 55% of advisers have seen a rise in drawdown clients suffering cuts in income in the past 12 months according to MetLife research.

SIPP provider James Hay has expressed concern over a rise in queries to use flexible drawdown to strip out pension funds.