The decision to buy an annuity is an important one. Kim Lerche-Thomsen points to the need for more education to be made available so retirees can make the most informed choice
Online quote and apply portal, Webline, has reached its 100 millionth quote since launching in 2000 it was announced today.
Financial advisers are underestimating the number of clients that qualify for enhanced annuities, according to retirement specialist, Tomorrow.
Value protected annuities can be used by a wider ranger of people than first thought says David Murton
Over 50% of advisers think that conventional annuities do not provide sufficient value for a client's retirement, according to Prudential.
Three in four advisers believe their clients would consider US-style annuities ahead of traditional annuities, but many fear they do not know enough about the products available.
Demand for flexible retirement products like SIPPs now overshadows that for conventional annuities, research suggests.
‘If it ain't broke, don't fix it' - this well known saying sums up all there is to say about the direction of the latest paper aimed at making the open market option work better.
Annuity rates have improved during the first half of 2007, according to figures from The Annuity Bureau.
Around 10% of Addition Voluntary Contribution schemes are failing to offer members the Open Market Option on annuities despite a legal requirement, claims Hewitt.