It's time to introduce a National Annuity Service
It's ridiculous to expect people to be able to broker the best possible pension for their retirement when the current system is so complex, un-user-friendly and failedIt didn't matter when most...
View ArticleSavers at heart of Osborne's budget
Budget 2014: Market-leading pensioner bond, end to compulsory annuities, and overhaul of Isas bring good news for saversA pensioner bond, a higher tax-free savings allowance and major changes to...
View ArticleLegal & General says reform will shrink UK individual annuity market by 75%
Shake-up announced in budget lets retirees choose how to invest instead of forcing swap of pension savings for annuityThe UK market for individual annuities will shrink by some 75% after government...
View ArticleWhat the changes to pension rules mean for you
Pension rules that will radically effect how pensioners use their pot start to come into effect from todayRetirees will gain greater access to their pension pots from 27 March as the first in a series...
View ArticlePension changes: forget about the Lamborghini and beware the taxman
Fears of wild spending after the scrapping of compulsory annuities ignore the need for careful tax planning. We look at what the pension changes mean for youGeorge Osborne has promised to let retiring...
View ArticleSadly, the new pension deal is too late for me (and 2m others)
I had no choice. I was told I had to buy an annuity, and now I'd really like to buy it backCall me a misery. Say I'm only thinking of myself. But I feel like the man who paid a fortune for a car only...
View ArticleAbout to retire? Get sound pensions advice to bridge the guidance gap
Freed from having to buy an annuity, those retiring face an array of choices. We spell out the options on where to get adviceA "guidance gap" and the danger of mis-selling is confronting those about to...
View ArticleConfusion over new pension rules disappoints pensioners
Rushed new rules are supposed to benefit anyone wanting to withdraw a tax-free lump-sum without buying an annuityConfusion over new pension rules is resulting in disappointment for retirees trying to...
View ArticlePwC predicts sales of annuities will collapse by 75%
Survey finds three quarters of consumers aged 50-75 will choose not to buy annuity following Osborne's budget reformsPwC has confirmed the worst fears of insurers in a report that predicts that sales...
View ArticleLong live annuities!
As my father celebrates his 88th birthday he believes he's had the best deal ever from Norwich UnionHappy birthday, Frank Collinson. At 88, my happy and healthy father is testament not just to the...
View ArticleChancellor vows to scrap compulsory annuities in pensions overhaul
Move means pensioners will be able to do what they like with retirement savings, and sparks fears of fresh buy-to-let boomPensioners will soon be free to do what they like with their retirement savings...
View ArticleStandard Life annuity sales halved after budget changes
Chief executive David Nish criticises way annuity reforms were announced but says they will be 'very positive for customers'Standard Life has reported a 50% slump in annuity sales after the...
View ArticlePensions minister says budget not a 'death blow' to annuities
Steve Webb admits that sales of annuities could halve, but says many pensioners will continue to prefer a fixed incomeRadical changes to give people more freedom over how they use their retirement...
View ArticleHouse prices, rental reform and annuities
Property prices continue to soar as Labour promises far-reaching rental reform and pensions minister says annuities are here to stayHello and welcome to this week's Money Talks a round-up of the week's...
View ArticleConfused about your pension? What to do with a £40k pot
In the first of a series on what to do with your pension money now you don't have to buy an annuity, we look at the options for those with the average potHow can pensioners avoid financial sharks...
View ArticlePensioners still being made to buy annuities
Legal & General and Friends Life turn down pensioners wanting to take advantage of chancellor's new retirement rulesSome of Britain's biggest pension companies are forcing retirees to buy an...
View ArticleConfused about your pension? What to do with an £80,000 pot
In the second of a series on what to do with your pension money now you don't have to buy an annuity, we look at options for a woman retiring on £80k with a husband on a final-salary pensionWhat would...
View ArticleConfused about your pension? What to do with £300,000
In the third of a series on what to do with your pension money now you don't have to buy an annuity, we look at the options for a man retiring with a sizeable potIt sounds like a huge amount of money...
View ArticleConfused about your pension? What happens if you retire abroad?
Now pensioners are no longer obliged to buy an annuity, Guardian Money considers your options. This week we look at the pros and cons of heading to somewhere in the sunIt sounds a brilliant wheeze: if...
View ArticleInsurers threaten widows with legal action over annuities
Solicitors say the bereaved are often traumatised by providers insisting that payouts made after a death are returned immediatelyWidows are being threatened with legal action from some of Britain's...
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