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All About Annuities » 2014 » April

MGM Advantage to cut staff by a third after Budget annuities shock

MGM Advantage to cut staff by a third after Budget annuities shockNews from Money Marketing: 29 April 2014 12:00 pm | By Tom Selby MGM Advantage is preparing to make large scale redundancies in response to radical annuity reforms announced by Chancellor George Osborne last month. The provider, which currently employs 250 people, will cut [...]

Which? bins annuities advice plan after Budget changes

Which? bins annuities advice plan after Budget changesNews from Professional Pensions: Consumer group Which? has shelved plans to launch an annuities advice service following the far-reaching changes announced at Budget 2014. The company, best known for independent research projects, last year began a pilot service offering guidance and whole of market advice to the public [...]

Is there life for bonds in the UK after annuities

Is there life for bonds in the UK after annuitiesNews from gulfnews.com: London: When George Osborne, the UK’s Chancellor of the Exchequer, declared earlier this month that pension savers would no longer be forced to buy an annuity with their pension pots, there was a rush to analyse the likely effects on personal finances and [...]

Symetra doubles its YOY sales of deferred and immediate annuities in 1Q2014

Symetra doubles its YOY sales of deferred and immediate annuities in 1Q2014News from Retirement Income Journal (subscription): We look forward to sharing this valuable article with you! Subscribers may Log In, below. Need to renew your subscription to Retirement Income Journal and RIJ Advisor? To start your renewal, log in, below, with your Username and [...]

Your Money: IRA payout confusion when more than one account, annuities, are …

Your Money: IRA payout confusion when more than one account, annuities, are …News from The Star-Ledger: Q. I recently transferred my IRA into two annuities. One pays me a set amount for five years. My plan is to not touch the money in the other annuity until the end of the five-year period. Will I [...]

Is there life for bonds in the UK after annuities?

Is there life for bonds in the UK after annuities?News from Financial Times: ©Charlie Bibby/FT The announcement in the recent Budget by George Osborne, the UK’s Chancellor of the Exchequer, that pension savers would no longer be forced to buy an annuity with their pension pots is likely to have a big influence on the [...]

Berko: Variable annuities and the S & P 500

Berko: Variable annuities and the S & P 500News from Business Record: Dear Mr. Berko:  My sister is 42, and I’m 46. We have a $ 110,000 certificate of deposit we inherited from our parents. It pays 4 percent and matures next month. Our uncle is a stockbroker and has recommended that we invest $ [...]

‘Annuities aren’t a rip-off – they just don’t work any more’

‘Annuities aren’t a rip-off – they just don’t work any more’News from Telegraph.co.uk: Of course, the real problem with annuity rates isn’t the insurance company, rather it’s long-term interest rates. They are very low, less than 3pc for 10 years. The result? You don’t get much income per pound of savings and that’s a huge [...]

Rethinking the Need for Immediate Annuities

Rethinking the Need for Immediate AnnuitiesNews from WealthManagement.com: With today’s low interest rates, immediate annuities may serve as a good proxy for bonds in older clients’ investment portfolios. An annuity provides a steady amount of guaranteed income for life without the price volatility of bonds, which lose value when interest rates rise, as they inevitably [...]

Time to consider annuities in retirement?

Time to consider annuities in retirement?News from Stuff.co.nz: OPINION: The most difficult thing in all of finance is to invest well for income in retirement. Many people spend years building a nest egg that they will use for income when they retire but give little thought to exactly how they will do it: after 40 [...]