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All About Annuities » 2014 » March

Comparing CDs and annuities for savers

Comparing CDs and annuities for saversNews from MarketWatch: By John Gerard Lewis Most research and analysis on the relative merits of multi-year guarantee fixed annuities and bank certificate of deposits (CDs) are heavy on the data and can be confusing to some investors. The problem isn’t really with CDs, which are fairly easy to understand. [...]

L&G Says U.K. Annuities to Shink 76% After Budget Plans

L&G Says U.K. Annuities to Shink 76% After Budget PlansNews from Bloomberg: Legal & General Group Plc (LGEN) predicts Britain’s 11.9 billion-pound ($ 19.7 billion) annuity market will shrink by 76 percent because of U.K. Chancellor of the Exchequer George Osborne’s proposed changes to the industry. The individual annuities market, a key source of domestic [...]

Annuities risk being ‘niche product’, warns Rodger

Annuities risk being ‘niche product’, warns RodgerNews from FT Adviser: The managing director of Glasgow-based Alexander Sloan Financial Planning said Mr Osborne’s announcement, which stated that anyone over 55 years old could take the whole of their pension pot as cash from next April, dealt a blow to annuity providers and to the future role [...]

Business: Understand annuities, john greene, work from home

Business: Understand annuities, john greene, work from homeNews from Aurora Beacon News: Updated: March 24, 2014 3:41PM St. Charles ‘Remote: No OfficeRequired’ subject of talk Cynthia K Wade Consulting is offering a Lunch ’N Learn from 11:45 a.m. to 1:15 p.m. Tuesday, April 1, at Arcedium Café, 60 Indiana St, St. Charles. The event will [...]

Can the annuities market survive Osborne’s bombshell?

Can the annuities market survive Osborne’s bombshell?News from Telegraph.co.uk: Share prices of life insurers quickly turned red, with specialists such as Cook’s company and Partnership Assurance the worst hit, falling 42.4pc and 55.2pc respectively. By the end of the day, some £4.4bn had been wiped off the life insurance sector, as shareholders questioned the future [...]

RIP annuities? The cautious will hesitate

RIP annuities? The cautious will hesitateNews from Telegraph.co.uk: Poor value for money has caused many people to defer the conversion of their pension savings into a retirement income. Under the Chancellor’s proposals, many more people will be able to defer the purchase of an annuity, because they will be able to draw an income, effectively, [...]

Great-West Says New Products Can Fill U.K. Annuities Gap

Great-West Says New Products Can Fill U.K. Annuities GapNews from Bloomberg: Great-West Lifeco Inc. (GWO), Canada’s second-largest life insurer, plans to offer different retirement products in the U.K. if a change in regulation discourages purchases of annuities. U.K. Chancellor of the Exchequer George Osborne said this week that he was scrapping a rule requiring retirees [...]

Market Report: Barclays warned that the Budget could kill annuities market

Market Report: Barclays warned that the Budget could kill annuities marketNews from The Independent: George Osborne’s decision to scrap compulsory annuities in Wednesday’s Budget has knocked over £4bn off the value of Britain’s life insurers, and analysts at Barclays warned that the move “has the potential to lead to the demise of the UK individual [...]

Annuities Put You in Control of Your Retirement Income Stream

Annuities Put You in Control of Your Retirement Income StreamNews from DailyFinance: Shutterstock/Jean Lee Since the early 1980s, 401(k)s and individual retirement accounts have become the dominant way that workers save for retirement. Yet many workers long for the days of traditional pensions when you could set your watch by how much income you could [...]

Budget 2014: George Osborne Drops Annuities in Pensions Reform Bombshell

Budget 2014: George Osborne Drops Annuities in Pensions Reform BombshellNews from International Business Times UK: Pensioners will get more freedom with their moneyReuters The Chancellor George Osborne has unveiled a range of radical pension reforms that will change the way workers retire in the UK, including removing compulsory annuities. Osborne, unveiling his budget to MPs [...]