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

More on Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Series of bulk annuity deals, Canada Life full-year results, and Procentia’s DB actuarial valuation system

Professional Pensions
clock 20 February 2026 • 1 min read
News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

News Digest: Steve Webb: Pension admin is too often done poorly or 'on the cheap' and it's savers who lose out

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 20 February 2026 • 1 min read
Jayne Pocock: From chance beginnings to industry leadership

Jayne Pocock: From chance beginnings to industry leadership

Pocock talks about starting over in the UK, modernising the ‘engine room’ of the industry, and why members must always come first.

Jasmine Urquhart
clock 19 February 2026 • 4 min read
Trustpilot