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.

Council bosses give new pension deal the seal of approval

The overwhelming majority of local government employers have given their backing to proposed changes to the staff pension scheme.

93% of the members of the Local Government Association have followed the lead of the main unions by voicing their approval for proposed changes to the Local Government Pension Scheme in England and Wales.

The deal has already been accepted by GMB, Unite and Unison, receiving the seal of approval of between 84% and 95% in ballots of their members.
The planned changes will see the pension age increase to fall in line with the state pension, to at least 68, and will also see combined contribution rates for staff and employers falling from 21.7% of staff salaries to 19.5%. This could save councils a staggering £600 million on an annual basis.

The proposals were drafted after unions took strike action in November 2011, and Communities and Local Government Secretary Eric Pickles now has to make the decision as to whether to accept the plans.

LGA chairman Sir Merrick Cockell said: "Our approach throughout this process has been to reform the pension scheme so it is fair to our staff, affordable for council tax payers and has a viable long-term future.

"The overwhelming level of support for these proposals is very encouraging and demonstrates the commitment amongst employers in local government to a manageable scheme that gives staff a decent pension when they retire."

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