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.

UK employers not ready for 2013 auto-enrolment

Almost a third of businesses who have a staging date for auto-enrolment in the first half of 2013 are unprepared for the requirement to enrol their staff into workplace pensions.

32% of the 300 employers questioned by HR consultancy Mercer revealed that they have yet to finalise the design of their scheme, while a further 15% argued that they haven’t selected the type of pension plan they will offer.

42% of employers who will begin auto-enrolment in 2013 argued that they would opt for a contract-based pensions scheme.

Unbundled trust arrangements (where investment and administration are supplied by different providers) were the plan of choice for 20% of employers, while 9% argued that they will select a master trust, such as NEST (National Employment Savings Trust).

Rachel Brougham, head of Mercer's auto-enrolment group, said: “Experience shows the implementation stage of auto-enrolment to be the key challenge, so those not yet decided on their strategy will have their hands full in the coming months.”

The Department for Work and Pensions (DWP) estimates that 380,000 workers will be signed up to a workplace pension as a result of auto-enrolment in October. This will grow to 420,000 in November and 600,000 by the end of the year.

Speaking about his hopes for auto-enrolment, Steve Webb, Minister for Pensions, said:

“We are proud to be introducing this truly historic change, which will radically alter the way we save for our old age, and see millions more people putting something aside for the future.”

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