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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Good News Corner: Club Vita's Douglas Anderson runs length of Britain for CRUK

Good News Corner: Club Vita's Douglas Anderson runs length of Britain for CRUK

Actuary now over half way through his epic journey from Lands End to John O’Groats

Jonathan Stapleton
clock 20 June 2025 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Clara superfund deal, XPS results, and NatWest Cushon invests in Aviva investors fund

Professional Pensions
clock 20 June 2025 • 1 min read
News Digest: Your pension fund is right to flee Labour's Britain

News Digest: Your pension fund is right to flee Labour's Britain

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

Professional Pensions
clock 20 June 2025 • 1 min read
Trustpilot