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.

NAPF responds to ABI’s consultation on annuity rates transparency

11th December 2012. The National Association of Pension Funds (NAPF) has submitted its response to the Association of British Insurers’ (ABI) consultation on annuity rate transparency, arguing that the proposals are a “step forward” for the industry.

The consultation follows the publication of the ABI Code of Conduct on Retirement Choices in March this year, which requires ABI members to provide clear and consistent communications to their customers in the run-up to retirement.

Launched last month, the consultation proposes conducting a regular survey of all ABI members offering annuities, outlining typical customer profiles and asking what income each of these would receive from an annuity.

This information would then be published and made available via the ABI website along with other information about the providers, such as whether they offering guaranteed annuity.

Mel Duffield, NAPF Head of Research, said:

 “We support the ABI’s consultation as we have been asking for greater transparency in annuity rates and pricing for some time.

 “The ABI’s proposals are a step forward, and are likely to make it easier to scrutinise current pricing practices and see which providers are the most competitive for different types of annuity.

 “At this stage it is not clear to what extent the annuity rate tables will directly help consumers, but the proposals provide an initial framework from which to build on.”

Steve Webb, Minister for Pensions, said:

“This move by the ABI to improve the transparency of annuity rates is a step in the right direction. Pensions need to be simple an clear so that people can engage with them.”

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