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

Reeves nominates ex-MPC member Jonathan Haskel as next OBR chair

Reeves nominates ex-MPC member Jonathan Haskel as next OBR chair

Imperial College London professor

clock 23 June 2026 • 2 min read
Politicians urged to address long-term sustainability of state pension triple lock

Politicians urged to address long-term sustainability of state pension triple lock

Aegon says the triple lock debate is ‘not a simple case of keep it or scrap it’

Holly Roach
clock 23 June 2026 • 2 min read
Toolkit launched to promote the value of the LGPS

Toolkit launched to promote the value of the LGPS

Toolkit features materials such as video, posters and social media posts

Holly Roach
clock 23 June 2026 • 1 min read
Trustpilot