28% of Britons over 50 have no retirement savings in place
6.25 million Britons aged over-50 (28%) have no pension plan in place and look set to rely on just the state pension in retirement, a huge increase on the 1.2 million people who live solely on the state pension today …
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 …
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 …