Cost of life assurance to increase for women
It has always been accepted that women generally live longer than men. For years women have been charged lower rates for life cover than men, because statistically they live longer.
The EU gender directive is about to change all that. …
72% of the over 55s unaware that certain medical conditions could entitle them to a higher pension income
- 40% of the over 55s have suffered or currently have high blood pressure
- 33% of the over 55s have or have had high cholesterol with a further 12% requiring treatment for diabetes
All of these conditions could qualify for a …
What are enhanced and impaired annuities?
Enhanced and impaired annuities work in the same way as conventional pension annuities, but are designed to offer a better rate (more income) for people who suffer from certain medical conditions or have a poor health history.
The increase …
What is a conventional pension annuity?
A pension annuity (often referred to simply as an annuity) is a product purchased with the proceeds of a pension plan which pays a guaranteed, regular income for life. The income payable from this type of annuity is not linked …
What is quantitative easing?
Quantitative easing (QE) is the Bank of England’s scheme to boost the economy by buying government debt. Essentially the Bank of England creates new money and uses it to buy loans to the UK government (commonly known as gilts).…