Research shows retirees hesitate to spend savings but readily use lifetime income. Here's what this means for you. In this ...

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

Total sales were worth £7billion last year, a 34 per cent increase on 2023, according to the latest data from the Association ...

Retirement planning is essential for a financially secure future, and one feature that frequently arises in discussions is the Guaranteed Income Benefit. This option guarantees a consistent income ...

Insurers sold £7bn in annuities in 2024, with more people look to secure their money in uncertain economic conditions ...

Sales of annuities, which offer people to use their pension pots to buy an income for life, have skyrocketed by 24% in the last year.

The cost of payments to retirees has since soared past £1bn a month, while taxpayers will fund another £9bn of payments into ...

However, the decision to exchange your annuity should not be taken lightly and may even have financial consequences. Unfortunately, it’s not as simple as cashing out and moving on to another savings ...

Annuity rates have soared by 24% in the past year, with 89,600 people taking out policies in the first half of the year, according to the Association of British Insurers ...

The gap between the best and worst-paying annuities has “spiked” in recent weeks, reflecting the rise in bond yields, analysis by Just Group has revealed ...