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

Pensions Commission – Political consensus crucial for enduring reform

Pensions Commission – Political consensus crucial for enduring reform

Commission’s interim report expected to be published in Spring 2026

Martin Richmond
clock 07 May 2026 • 2 min read
Rising Star Awards 2026: One week left to nominate!

Rising Star Awards 2026: One week left to nominate!

Recognising and celebrating the pension industry’s rising stars

Professional Pensions
clock 07 May 2026 • 2 min read
Broadstone launches service for DB schemes with legacy insured contracts

Broadstone launches service for DB schemes with legacy insured contracts

Offering will support ‘neglected’ trustees and sponsors with complex and high-cost schemes

Jonathan Stapleton
clock 07 May 2026 • 2 min read
Trustpilot