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.

Pensioners relying on other financial resources to see them through retirement

Pensioners are increasingly relying on a range of financial resources to ensure that they maintain their standard of living during retirement.

Research from Baring Asset Management (Barings) has revealed that 44% of retirees will not be relying solely on their pension to see them safely through retirement, with other assets and investments also providing a safety net for their twilight years. This news puts less pressure on the importance of any existing annuity agreements that are in place as part of an ongoing pension scheme.

The findings from the research highlighted that pensioners are banking on property, cash and even an inheritance to boost their retirement pots. While 26% argued that they would be relying on cash to up their pension savings in 2011, this has jumped up to a current figure of 29% (an additional 300,000 people).

17% of people are also relying on inheritance to fund their retirement, with this expectation more prevalent in the A/B social segment (the upper and middle classes).

23% argued that inherited assets will form a part of their retirement planning; this is up from 20% from the 2011 survey. The average estimated amount for inheritance funds in the UK is approximately £45,000 per person.

Commenting on the figures, Marino Valensise, Chief Investment Officer at Barings, said:

“It is very surprising to see just how varied retirement funding sources have become for many people in the UK."While diversification is crucial to best-practice asset management, the suitability of some of these sources can be questioned, such as a reliance on inheritance. Overall, the most challenging finding is that nearly half of the adult UK population admit to not having a formal pension at all.”

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