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

Buzz: Will your scheme expand the use of AI to support member outcomes?

Buzz: Will your scheme expand the use of AI to support member outcomes?

Artificial intelligence, Autumn Budget and pension participation

Professional Pensions
clock 02 November 2026 • 1 min read
DHL Group Retirement Plan selects Capital Cranfield as chair

DHL Group Retirement Plan selects Capital Cranfield as chair

Lukshmi Selvarajah has been selected as trustee chair of the £6bn scheme

Holly Roach
clock 02 November 2026 • 1 min read
People's Pension joins TISA to increase support for vulnerable members

People's Pension joins TISA to increase support for vulnerable members

DC master trust will join TISA’s Vulnerable Customers Working Group

Martin Richmond
clock 02 November 2026 • 2 min read
Trustpilot