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.

Missed pension opportunities in Chancellor’s Autumn Statement, says Saga

The Director-General of Saga, has argued that George Osborne has missed opportunities to improve pension saving in today’s (December 5th) Autumn Statement, while praising measures such as an increase in the maximum pension income from capped drawdown and pension fund infrastructure investing.

Dr Ros Altmann has argued that the government still has work to do when it comes to improving the UK’s savings culture outlining recommendations such as allowing more flexibility in pensions and reforming annuities so that people are not locked into poor value rates.

"Although this statement could have been worse, there is little cheer for savers. The Chancellor says low interest rates are good and show signs of credibility in his policies but they also cause problems for some important sectors of the economy - notably savers and pension funds. There is some form of relief for income drawdown savers and he has consulted on pension funds but there doesn't seem to be anything for ordinary savers,” she said.

"More needs to be done to help savers - from young people saving for their first property to those reaching retirement and trying to make the most of their savings”.

Changes to pension rules outlined by the Chancellor include allowing those in capped drawdown to take income at 120% of GAD (Government Actuary’s Department) rather than 100%. This is in addition to the news that the basic state pension will rise by 2.5% next year to £110.15 a week.
However, the government’s announcement that lifetime pension relief allowance will fall from £1.5m to £1.25m from 2014-15, has acted as a further blow to pension savers.

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