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.

DB scheme deficits hampering investment prospects for UK businesses

Mounting defined benefit (DB) pension scheme deficits are restricting businesses’ ability to invest in their own development, according to a new report by the Institute of Chartered Accountants in England and Wales (ICAEW) and Mercer.

The research revealed that the weight of high levels of DB scheme deficits will have a negative impact on the financial performance of more than half of businesses surveyed over the next three years.

Detailing some of the factors that have acted to put pressure on DB schemes, Robin Fieth, Executive Director, ICAEW said: “DB pension schemes are under unprecedented pressure, the result of increasing longevity, difficult market conditions and a tough regulatory environment.

“The difficult market combination of low gilt yields and euro zone uncertainty is hitting pension schemes hard. Many companies face the stark pressure of ploughing considerably more cash into their pension schemes, being unable in practical terms to agree longer recovery periods with their trustees.”

The report also highlighted some of the methods companies are using to manage DB pension scheme risk. This includes closing their schemes to new members (93%), closing schemes to future accrual (51%) and investing in assets that more closely match liabilities (34%).

Mr Tayyebi, a Senior Partner at Mercer, argues that the majority of businesses are taking a proactive approach to DB risk management, despite the current volatility behind their pension schemes.

“Our survey confirms a strong recognition of the need to take action and progressively mitigate or reduce pension risk,” he said.

“Almost 80% of respondents either already have or expect to have a glide-path or journey plan of de-risking triggers in place over the next three years.”

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