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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

View profile
More from Martin Richmond

Industry must treat DC roadmap as a connected system

Use scheme data and targeted support to close gender pensions gap

More on Industry

Government should freeze state pension and consider phasing out public sector DB
Industry

Government should freeze state pension and consider phasing out public sector DB

IEA’s alternative budget sets out plans for simpler taxes and spending restraint

Jonathan Stapleton
Jonathan Stapleton
clock 19 October 2026 • 2 min read
Private markets not a policy lever but an investment programme to be governed
Industry

Private markets not a policy lever but an investment programme to be governed

PMI chair Ruston Smith says we must ‘get the plumbing right’ to ensure good outcomes

Holly Roach
Holly Roach
clock 19 October 2026 • 1 min read
AMNT: Caring for members is at the heart of everything we do
Industry

AMNT: Caring for members is at the heart of everything we do

Maggie Rodger says all trust-based schemes should include at least one-third member representation, regardless of size or structure

Maggie Rodger
clock 19 October 2026 • 4 min read
Trustpilot