Page 2 - Mark Ormston News Today

Experts warn that rates are peaking and pensioners will be worse off from next month

Spike in yields provides rare opportunity to bag a higher pension

Pensioners with fixed income annuities will bear the brunt of rising prices

A ‘flex first, fix later’ pension that would switch to annuities when retirees are in their late 70s early 80s would combine flexibilities and guaranteed income in a way that could help people have better retirement outcomes, according to Lane Clark & Peacock (LCP).

Soft defaults which are tailored for different retirement need archetypes could help people to better manage their retirement income and benefit from a mixture of flexibility and annuities, according to the Pensions Policy Institute (PPI).

Savers could make the most of their retirement funds in later life if they opt for the 'flex first, fix later' pension, experts say.

A ‘flex first, fix later’ pension that would switch to annuities when retirees are in their late 70s early 80s would combine flexibilities and guaranteed income in a way that could help people have better retirement outcomes, according to Lane Clark & Peacock (LCP).

Interest rate rises are changing the way retirees should invest their savings

The newly resigned Guy Opperman has been praised across the pensions industry this morning with many signalling their fear that significant reforms he has backed will now fall by the wayside.

Retirees will be among hardest hit by rising cost of living