Analysis finds gap could leave retirees potentially £500 a year worse off
Savers have seen highest rates since December after BoE raised interest rate to 4.5% in May
Isio acquires Deloitte UK’s pensions business, and DLUHC seeks views on McCloud remedy
In an increasingly busy market for bulk purchase annuities, schemes are reaching buyout funding earlier than planned.
Increased rates mean a disparity between annuities is ‘very apparent’
Standard Life analysis found internet searches for annuities are also on the up as rates rise
The best guaranteed income plans generated an additional 16% income in retirement
Standard Life says those nearing retirement need a pot of £267,000 to get similar income
Laith Khalaf says the golden age of the annuity is in the rearview mirror
There are legal hurdles around purchasing an annuity for members without their consent