By openly addressing both the pros and cons, advisors can build trust and empower clients to make decisions that genuinely ...

An annuity provides one of the most secure forms of income in retirement. Unlike a portfolio of investments, this insurance ...

Annuities are back in the spotlight, thanks to the recent market turmoil causing rates to rise. These are pension products that pay a fixed income for life once you are ready to retire ...

People approaching or in retirement are being urged to think carefully about their pension income options, in light of ...

One of the biggest mistakes people make when buying an annuity is overlooking the fees. Annuities are often loaded with ...

Annuities can be a useful, albeit expensive financial tool to manage retirement income if one cannot or is reluctant to ...

There are three main types of annuities. Fixed annuity A fixed annuity has a flat rate of return, regardless of what happens with the market or inflation. Fixed annuities offer peace of mind and ...

But it’s possible to find annuities that include a fixed cost-of-living adjustment. Adding a fixed 3% COLA to the scenario above drops the payout rate from 7.4% to 5.56% ($5,560 in the first year).

Total annuity sales reached £7bn last year, a 34 per cent increase compared to 2023, and more people turned to advice before ...

The government pays the annuity provider a fixed amount of interest, which is tied to the Bank of England base rate. When the base rate is higher, the rates of interest (or yield) offered by gilts ...