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.

ONS data reveals fall in workplace pension uptake

Automatic enrolment into workplace pensions will begin next month, and figures from the Office for National Statistics (ONS) have revealed that the overhaul of the pension’s system couldn’t have come at a more apt time.

ONS data has shown that the number of active members of pension schemes at work fell from 8.3 million in 2010 to reach a figure of 8.2 million in 2011. This represents the third consecutive year that active membership of workplace pensions has taken a dip.

The drop in membership has been attributed to the private sector, continuing the steady decline in this area over the last 20 years. Over this period the number of private sector workers who actively paid into pension schemes fell by more than 3 million. In contrast, the last two decades has seen the number of public sector workers who actively paid into a workplace pension rise by more than a million.

Commenting on the figures, Joanne Segars, chief executive of the National Association of Pension Funds, said:

"The ongoing slide in pensions uptake in the private sector is deeply worrying. Our society is not saving enough for its old age and millions of workers are set to end up scraping by on just the state pension.”

She went on to add that automatic enrolment was a step in the right direction: "Auto-enrolment is a hugely important reform that will bring millions of people into a workplace pension, many for the first time.”

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