Retirees losing thousands with worst-paying annuities

Analysis finds 14% annuity gap costs retirees on moderate income up to £27,000

Jasmine Urquhart
clock • 2 min read
Just Group analysis finds retirees could lose out on thousands each year if they buy worst-paying annuity
Image:

Just Group analysis finds retirees could lose out on thousands each year if they buy worst-paying annuity

The gap between the best and worst-paying annuities is costing retirees thousands of pounds each year, analysis by Just Group has found.

The gap between the most and least competitive standard (non-personalised) annuity deals currently stands at 14%, with those taking into account medical and lifestyle history paying even more secur...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Government making pension changes 'for change's sake'

Government making pension changes 'for change's sake'

PP survey respondents say while some reform is positive, there is ‘still much more’ to be done

Holly Roach
clock 04 August 2026 • 1 min read
Prime minister and chancellor urged to meet for talks on Waspi compensation

Prime minister and chancellor urged to meet for talks on Waspi compensation

Campaigners say they will work collaboratively with ministers to develop a compensation scheme

Holly Roach
clock 04 August 2026 • 1 min read
LCP publishes 2025/26 annual report

LCP publishes 2025/26 annual report

Consultancy’s report showed PRT team led on transactions totalling £7.8bn in 2025

Martin Richmond
clock 03 August 2026 • 1 min read
Trustpilot