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.

Public sector workers more likely to contribute to workplace pensions

Public sector employees are more than twice as likely to contribute to workplace pensions as their counterparts in the private sector, according to a report published by the Trades Union Congress (TUC).

Examining the membership, contribution rates and governance of workplace pensions across the UK, the TUC Pensions Scorecard report also revealed that workers earning over £300 a week are twice as likely to pay into workplace pensions as those below this wage.

Further findings from the report highlighted that 48% of workers earning less than £200 have total contribution rates of less than 8%, compared to 23% of those earning more than £500 a week.

TUC General Secretary Brendan Barber argued that although the figures raised concerns about the pension pots of lower-paid workers, the roll-out of automatic enrolment should go some way to addressing this issue.

He said: “It is shocking that fewer than one in four people earning less than £300 a week are saving into a workplace pension scheme.

“Even those low-paid workers who are saving are more likely to have low employer and employee contribution rates that make it far harder to build an adequate pension pot when they retire.

“Auto-enrolment will help reverse some of these worrying trends by getting more people to save. But we shouldn't be under any illusion that it alone can deliver the level of income that most people expect when they retire.”

However, the TUC argues that auto-enrolment won’t have an impact on some workers, such as those that fall below the qualified earning threshold of £5,564.

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