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.

Changes to RPI inflation could hit pension pots

Changes to the calculation of the retail prices index (RPI) could lead to a drop in pensioners' incomes, according to leading pension expects.

The Office for National Statistics (ONS) has already begun a consultation on changes to RPI calculation, which would mean that the RPI would move more slowly and in step with the consumer prices index (CPI).

Darren Philp of the National Association of Pension Funds (NAPF) has warned that any alterations to the RPI would have "huge implications" for pension pots.

"Pension funds are major investors in government debt and changes to index-linked bonds could have far-reaching impacts on those investments," he said.

"It could also alter the amount by which pensions being paid to former workers are increased each year."

As well as impacting private sector pensions, RPI changes would also affect the value of index linked bonds, inflation linked savings certificates and government issued gilts.

RPI normally rises at a faster rate than CPI, with an average gap of 1.2 percentage points each year since CPI was first used in 1996.

The changes to RPI would mean that it would rise at a slower rate that is more in line with CPI inflation, with the effect that future increases in private sector pensions could be depressed.

In addition, the returns on the £18bn worth of inflation-linked policies which have been sold by National Savings and Investment, and the return on index-linked bonds sold by the government to professional investors could also be slashed.

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