Pension annuity deals criticised by financial watchdog
The Financial Services Consumer Panel has published the findings of its research into the consumer experience of purchasing an annuity, which shows that the market does not work well for the majority of consumers.
One of the main concerns …
Happy G Day
Today (21st December 2012) marks G Day. From today men and women have to be treated equally when it comes to insurance premiums and pension annuities. This is known as gender neutral pricing.
There has never been a …
What is the open market option?
The open market option is an invaluable option open to you when you retire from a money purchase pension (i.e. a pension that is not linked to your salary).
In the run up to your retirement your pension provider will …
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 …