Annuity Base

Open Market Option Comparisons for Pension Income

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


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.

Falling annuity rates could see women working longer than men

Plummeting annuity rates could see women working longer than men to achieve the same level of pension income.

According to the AXA Wealth Pension Index, women will have to work seven months longer than men in order to retire with a pension income equal to the average industrial wage.

The Index also revealed that this period has increased from the five months recorded in 2007, resulting in a rise of 12 months over the last five years.

Although women have traditionally had to work longer to meet their pension goals due to their lower average earnings, the fall in annuity rates has only acted to worsen this situation.

AXA also warned that the impact of the EU Gender Directive, which comes into effect on 21 December, may also bring fresh challenges for women, as this will introduce gender neutral pricing.

Explaining further, Simon Smallcombe, head of guaranteed distribution for AXA in the UK, said: “The growing gender gap is particularly interesting to note in the context of the directive.

“While the directive will see insurers prohibited from using gender-based factors to determine and set annuities and other premiums, this will cause consternation and likely further delay women’s retirement.

“While there will be a decrease for women, men will likely experience a heavier fall in annuity rates.”

AXA released results of consumer research alongside its pension index, which reveals that although the average Brit expects to retire at 65, the reality is that many will not be able to afford to until they are 70.

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


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.)
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