Annuity Base

Open Market Option Comparisons for Pension Income

annuities
Share |

The Difference Between The Best And Worst Pension Incomes Can Be Very Surprising

Aegon Annuities Aviva Annuities Axa Annuities Canada Life Annuities Friends Life Annuities Hodge Annuities Just Retirement Annuities Legal and General Annuities LV Annuities
MGM Annuities Novia Annuities Old Mutual Annuities Partnership Annuities Phoenix Annuities Pru Annuities Royal London Annuities Scottish Widows Annuities Zurich Annuities annuities

We value your privacy: The same as almost all sites, we use computer files called cookies that measure how many people use the site. They can't be used to identify you personally. If you continue without changing your settings, we'll assume that you are happy to receive cookies. We don't share your information with 3rd parties.

Looking for an alternative to an annuity? Visit Annuity Answers.

Archived Annuities News / Income Drawdown News

What's happening in the world of pensions

News and articles about annuities, pensions and income drawdown

PLEASE BOOKMARK NOW

By following any news links you will be leaving the Annuity Base site and we are not responsible for the accuracy of the information contained in any other site or the regulatory status of any other firm within the linked sites accessible from this site.

Please visit our main annuities news page for more news.

Annuity rates set to tumble further after EU gender ruling

Plummeting annuity rates are set to sink even further after an EU gender directive comes into effect from 21 December 21.

The ruling will mean that gender will no longer be able to be factored into premium calculations, with the general consensus that annuity rates will fall by 2.5% for men and rise by 2.5% for women, according to consumer champion Which?.

The Association of British Insurers has argued that the impact of the directive will work in reverse, with an 8% increase in annuity rates for men and a 6% decrease for women.

However, it is hoped that over time the annuity industry will develop more complex assessment methods, which will help to negate some of the impact of the gender ruling on annuity holders.

MGM Advantage’s Annuity Index revealed that conventional and enhanced annuities have dropped by 7% and 5% respectively since June, the highest quarterly fall recorded since the Index launched in August 2009.

The data also revealed that average annuity rates have fallen by a massive 20% between August 2009 and September 2012.

Commenting on the figures, Aston Goodey, distribution and marketing director at MGM Advantage, said:

“Annuity rates are in free fall, largely driven by record low gilt yields. Annuity providers have yet to fully price in the effects of Solvency II or the EU Gender directive so we expect further falls over the coming months unless we see a significant upward movement in gilt yields.”

Please visit our main annuities news page for more news.

Make Contact Now

Take action now and uncover the differences

Receive a FREE Pension Annuities Comparison Quote

Please complete the free no-obligation enquiry form and see the surprising differences between one annuity and another. Remember your enquiry is free.

There is no charge for us investigating your policy and you are under no obligation to follow any recommendations that are made.

Your annuity specialist is registered with the Financial Conduct Authority (FCA).

We will:
1. Search the whole of the market for you so you are more able to make a decision
2. Check if you are eligible for an enhanced annuity that could increase your income
3. Give you access to more flexible options including fixed term annuities and income drawdown, should you wish

FULLY CONFIDENTIAL ANNUITY COMPARISON QUOTES WITH NO OBLIGATION

Your Age (You must be aged 55 or over)
Do you already have an annuity? (If so, sorry, we cannot help. Annuities cannot be cashed in at this time.)
Name
Preferred contact phone number
2nd number just in case (optional)
Email address (optional)
Annuities PRIVACY PROMISE: We will never share your data or spam you. Data Protection No. Z1760988
annuities