Annuities

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

A ‘flex first, fix later’ product would seek to achieve the best of both worlds for retirees

Wealth At Work says annuities could be a key option for finance-concerned employees

More data is needed to understand how future pensioners could best use annuity products