Nearly half of savers over 50 lack knowledge of different annuity options

Survey finds just one in ten were aware of enhanced annuities

Martin Richmond
clock • 3 min read
Nearly half of savers over 50 lack knowledge of different annuity options

Just under half of savers over the age of 50 are unaware of the range of annuities available to them, research from Standard Life has found.

The research, carried out by Opinium in March and surveyed 2,000 people aged 50 or over, revealed 45% of respondents stated they were unfamiliar with the range of annuities they could choose from w...

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

£4.6bn buy-in deal, Barnett Waddingham full-year accounts, People’s Pension appoints Invesco

Professional Pensions
clock 31 October 2025 • 1 min read
HMRC repays £48.5m in overpaid pensions tax in Q3 2025

HMRC repays £48.5m in overpaid pensions tax in Q3 2025

Analysis finds savers have recouped more than £1.5bn since introduction of pension freedoms in 2015

Martin Richmond
clock 31 October 2025 • 4 min read
News Digest: Slashing tax relief would shrink pension pots by £50bn, Reeves warned

News Digest: Slashing tax relief would shrink pension pots by £50bn, Reeves warned

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

Professional Pensions
clock 31 October 2025 • 1 min read
Trustpilot