Annuity disparity prompts calls for additional support

Increased rates mean a disparity between annuities is ‘very apparent’

Holly Roach
clock • 1 min read
Annuity disparity prompts calls for additional support

Punter Southall Aspire has called on employers to do more to support employees approaching retirement, amid a disparity in annuities that has been made more apparent following an increase in rates.

This comes as Standard Life analysis revealed annuity rates have increased by 50% since the start of the year from 4.66% to 7.04%, while Just Group found a 16% gap in income between the worst and b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

HMRC reports jump in cost of pension tax relief

HMRC reports jump in cost of pension tax relief

Data shows pensioners are also paying more tax in retirement

Alex Levy
clock 30 July 2026 • 2 min read
Bank of England 'presses pause, not stop' as it holds rates at 3.75%

Bank of England 'presses pause, not stop' as it holds rates at 3.75%

MPC committee votes 6-3 to hold rates

Patrick Brusnahan
clock 30 July 2026 • 3 min read
Jamie Fiveash: A pivotal moment for pensions

Jamie Fiveash: A pivotal moment for pensions

The new Pensions UK chair sets out his three main areas of focus as the industry transforms

Jamie Fiveash
clock 30 July 2026 • 3 min read
Trustpilot