Page 3 - Mark Ormston News Today

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

Smoking 10 cigarettes a day boosts annuity income by £979 a year

Annuity payouts jump at the fastest pace for 30 years

Hundreds of thousands of pensioners are locked into annuities with zero protection against inflation

Three things your clients may call you about this week ... Content by subject Professional Adviser hosts must-attend events for the financial adviser sector. The success and reach of the brand has enabled us to deliver a series of market-leading events, including our popular breakfast briefings, awards and conferences. Download and use the apps Access your subscription from outside of the office Get relevant news and insight straight to your inbox £8,000 annuity trap Professional Adviser How t...

How to the dodge the £8,000 annuity trap Incomes varied by £404.85 on average last year 16 May 2021 • 5:00am More than 30,000 savers each year miss out on an average of nearly £8,000 by failing to shop around when they buy an annuity. Annuity rates can vary according to who you buy them from. In many cases those who stick with their current pension company can lose out on thousands of pounds for each year of their retirement. Nearly 64,000 people who bought an annuity in the past two yea...