annuity rates

Failure to shop around for an annuity is costing pensioners £124m per year, Key Retirement Solutions claims.

The introduction of Solvency II could see annuity rates, currently at record lows, drop a further 20%, Deloitte has warned.

INVESTMENT ANNUITIES

Poor annuity rates and a bleak outlook for future improvements mean retirees should delay their purchase for as long as possible, an adviser has warned.

Annuity providers marginally increased single life annuity rates this month following the rise in gilt yields to just under 3%, figures have shown.

The average retired person has more than £8,000 of personal debt to repay - with the collective total for the country reaching £96bn, analysis has found.

The government's use of quantitative easing (QE) has given pension funds a boost, Bank of England (BoE) economist David Miles has claimed.

Quantitative easing (QE) will not have a significant impact on pensioner incomes, Charles Bean, deputy governor of the Bank of England (BoE) has claimed.

The Bank of England's decision today to pump an extra £50bn into the UK economy is likely to drive annuity rates down further, insurers have warned.

It's our round-up of the stories your clients may have read in the weekend's national newspapers...