Should Brits stop turning their back on annuities?
Despite increasing interest, they do remain a ‘niche product’
Annuity
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Standard Life rolls out annuity
It will target customers focusing on ‘certainty and security’
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Later life adviser platform rolls out annuity referral system
It is ‘vital that advisers have a wide range of solutions for their clients’
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Retirees need ‘mix and match’ approach to income planning
Combining annuities with other retirement planning products can help individuals meet their income needs
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19 million Brits over 50 will not consider annuities
Less than a third have or would contemplate buying one
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UK firm rolls out blended retirement income solution
It will allow advisers to offer clients a mix of drawdown and annuity strategies
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Annuity rates rise 20% in the last year
A 65-year-old with a £100,000 pension can get up to £7,144 per year
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14-year record high for annuity rates
They have increased by 52% in the last nine months alone
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Over 90% of pension transfer requests flagged as scams – again
As transfer values fall below £200,000 for the first time since 2016 making the return of annuities more appealing
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US insurer to pay $50m for misleading annuity clients
Regulator finds firm gave ‘false impression’ that quarterly statements listed all fees
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Sipp sales surged as lockdowns were lifted
They have become the ‘most popular product among retail retirement savers’
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Aviva advice arm overhauls annuity referral model
In a bid to make the process easier to offer other providers’ products to clients