Contributing authors: Nigel Pearce, Life & Pensions Director Brian Please, Life & Pensions Consultant Peter Scott, Technical Consultant
|
|
- Arlene Brown
- 8 years ago
- Views:
Transcription
1 RETIREMENT SURVEY 2015
2 2 Contributing authors: Nigel Pearce, Life & Pensions Director Brian Please, Life & Pensions Consultant Peter Scott, Technical Consultant
3 INTRODUCTION Welcome to the 2015 Annual Retirement Survey conducted by Equiniti. We first launched our annual Annuity Industry Survey in 2010 and have rebranded it this year to reflect the emphasis on the broader retirement agenda and not just annuities. 3
4 The introduction of Pension Freedoms in April 2015 is now taking effect. To reflect the new retirement income landscape, we have taken the opportunity this year to expand the respondents to the survey beyond providers and advisers to include pension schemes and wider market participants. We believe that this will offer added insight to the results given the changes to the retirement market. Everyone in the industry has had to anticipate and respond to immediate customer needs and assist them through their expectations of greater flexibility. In addition, every participant involved in the changing retirement market has had to assess the potential strategic and long-term implications of the Budget for themselves, their business and their customers/members. We are hoping this survey will give an informed view of what changes are taking place and what changes are still required given the status of the UK retirement market. Some themes from the survey are: Individuals are more aware of pensions and the need for retirement planning With increased flexibility and choice comes more decision making Drawdown has an increasing role, Annuities are still fit-for purpose and Equity Release will play its part Small pension pots will be accessed and used for a wider range of purposes As Director of Life & Pensions in Equiniti, I am responsible for ensuring we anticipate the needs of our clients and their customers. While customers needs have not fundamentally changed, the greater flexibility they have been given presents them with more choice to both get it right and wrong, whatever that might mean to each individual. As with the rest of the industry, we are working towards improving our clients customers overall outcomes. As always, we are grateful to all of the respondents who have shared their views and insights through their responses and extensive supporting comments. Their responses have also helped contribute to raising money for Age UK. Nigel Pearce Life & Pensions Director Pension Solutions Equiniti E: nigel.pearce@equiniti.com M: Trustees, Advisers, Pension Wise and others need to continue to step up The Government are unlikely to turn back the clock 4
5 METHODOLOGY Equiniti Retirement Survey 2015 The 2015 Annual Retirement Survey was conducted between 28 May and 22 June The questions were defined by experts and a support team at Equiniti, and were based on current topics and debates in the industry, most notably arising from the Chancellor s Budget announcements. For 2015 we received 50 responses from renowned annuity professionals and commentators within a one-month period. Respondents scored each question and added comments in support of their answers where they could and wished to do so. All answers are treated confidentially; all published results preserve the anonymity of their respondents. We hope our analysis will provide retirement professionals with improved insight into the market whilst raising current opinion and concerns shared by many industry professionals. 5
6 EXECUTIVE SUMMARY Most customers approaching retirement still have as their primary requirement a guaranteed income stream for life. Do we now have to factor into this assessment the stability of the market & businesses, the risk of fraud, and lifestyle priorities than purely an individual s assessment of longevity? All actuaries will know Alistair Neill s Life Contingencies. In Chapter 2 it sets out the definitions of the fundamentals that underpin all life assurance products: Pure Endowments a payment made on a certain date in the future if the life is then alive. Annuities a series of payments made at equal intervals during the lifetime of a given life. Assurances a payment of a specified amount upon the death of the life assured. For those of us who have worked in the Life and Pensions industry for our entire careers it is hard to question why individuals cannot always see the value of an annuity in retirement just as much as they value term assurance in earlier life. I am a strong proponent of annuities and they undoubtedly have their place in retirement provision. This survey over the past six years has reinforced this position by those in the industry. 6
7 Equiniti Retirement Survey 2015 Perhaps mortality has to take its place alongside a wider range of risk factors individuals assess in their lives when it comes to financial planning: Mergers, acquisitions, closure of firms can undermine customer s confidence in any guarantees being honoured for their lifetime by a company today. The majority of DB pension schemes are not fully funded. Customers cannot assume their benefits are secure. The scale of government deficits leave customers uncertain as to the future impact on State Pension in their lifetime. Internet fraud, pension liberators and other scams are on the increase. What savings vehicles are secure these days, and customers are targeted and more vulnerable as they get older. Equiniti has been paying pensioners for over 175 years. Our brand, ownership and service model has evolved from the original Paymaster General. Our ability to continue to provide these services has to be fought for and won through competitive tenders. Our commitment to paying timely, accurate payments is itself a guarantee valued by each and every pensioner and annuitant every month. I hope the results of this survey continue to open our minds to the need for products and services to meet a more complex set of needs and risks than mortality itself. Brian Please Life & Pensions Consultant Equiniti Contracting cancer and other previously terminal illness are less likely to result in death than survival. Customers focused activity is to improve their health and perceived lifespan. 7
8 equiniti.com Equiniti is the trading name of Paymaster (1836) Limited. Registered Office: Sutherland House, Russell Way, Crawley, West Sussex RH10 1UH. Registered in England and Wales No Paymaster (1836) Limited is authorised and regulated by the UK Financial Conduct Authority.
Bulletin. Extended Guarantee Periods vs Value Protection. An overview of where a guarantee period or value protection might be most appropriate
For financial intermediaries only. Not approved for use with customers. Bulletin Update following the chancellor s announcement on 25 November 2015 The Finance Act (no 2) 2015 received Royal Assent on
More informationBasic Guide to Retirement Income Options
Basic Guide to Retirement Income Options Can I afford to retire? Which retirement income solution is best for me? Should I take all my tax-free cash entitlement? Will my family benefit from my pension
More informationPreparing for 6 April 2015 Are you ready for Question Time?
Are you ready for Question Time? Background The new flexible pension regime will come into effect on 6 April 2015 There is already extensive press coverage of the changes In understanding the changes it
More informationCreating a Secondary Annuity Market: a response by the National Association of Pension Funds
Creating a Secondary Annuity Market: a response by the National Association of Pension Funds June 2015 www.napf.co.uk Creating a secondary annuity market: a response by the NAPF Contents Executive Summary
More informationLongevity risk. What do South African and UK retirement frameworks have in common??
Longevity risk Over the past 50 years life expectancy in the UK has increased by up to 10 years Longevity is the result of a complex interaction of various factors such as increased prosperity, changes
More informationFinancial Advice Market Review: Call for Input RESPONSE FROM ICAS TO HM TREASURY AND THE FCA
Financial Advice Market Review: Call for Input RESPONSE FROM ICAS TO HM TREASURY AND THE FCA 18 December 2015 CA House 21 Haymarket Yards Edinburgh EH12 5BH enquiries@icas.com +44 (0)131 347 0100 icas.com
More informationLet s talk pension flexibility The current position
Let s talk pension flexibility The current position 1 Let s talk pension flexibility the current position Change is coming. Budget 2014 heralded a shake-up of the pension system that will change how we
More informationYour New Additional Voluntary Contribution and Defined Contribution Investment Choices
THALES UK PENSION SCHEME Your New Additional Voluntary Contribution and Defined Contribution Investment Choices The Trustees of the Scheme ( the Scheme ) have recently completed a review of the Scheme
More informationGLOBAL. FLEXIBLE. ASSURED. EQUINITI INTERNATIONAL PAYMENTS
GLOBAL. FLEXIBLE. ASSURED. EQUINITI INTERNATIONAL PAYMENTS 92 BILLION ABOUT EQUINITI INTERNATIONAL PAYMENTS Equiniti International Payments is the assured alternative to banks for large businesses. As
More informationGuaranteed Annuity. An income for life that will never fall
Guaranteed Annuity An income for life that will never fall 1 2 A guide to our Guaranteed Annuity Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a wellestablished
More informationA guide to the pension changes in April 2015
A guide to the pension changes in April 2015 106027837.indd 1 05/01/2015 10:00 Contents What do the changes mean for you? 3 Summary of the changes from 6 April 2015 5 What s changed in practice? 6 How
More informationKEY GUIDE. Pensions freedom drawing from your pension
KEY GUIDE Pensions freedom drawing from your pension Radical reform The changes revealed in the 2014 Budget were described by some retirement planning experts as a pensions revolution. The radical proposals
More informationOur Ref: JM/JB/4.7 June 16 th 2015
Email: Annuity.Consultation2015@hmtreasury.gsi.gov.uk Annuity Consultation Insurance and UK Regulatory Authorities Team HM Treasury Horse Guards Road London SW1A Our Ref: JM/JB/4.7 June 16 th 2015 Dear
More informationChartered Financial Planners
Park View Chartered Financial Planners Park View Financial Planning 61 Alexandra Road Lowestoft, Suffolk NR32 1PL T: 01502 515383 F: 01502 515390 E: enquiries@parkview-ifa.co.uk W: www.parkview-ifa.co.uk
More informationFreedom and choice in pensions RESPONSE FROM ICAS TO HM TREASURY
Freedom and choice in pensions RESPONSE FROM ICAS TO HM TREASURY 11 June 2014 CA House 21 Haymarket Yards Edinburgh EH12 5BH enquiries@icas.org.uk +44 (0)131 347 0100 icas.org.uk Direct: +44 (0)131 347
More informationHow To Calculate A Life Insurance Premium
IMF Seminar on Ageing, Financial Risk Management and Financial Stability The views expressed in this paper are those of the author(s) only, and the presence of them, or of links to them, on the IMF website
More informationWelplan Pensions. Flexibility for members from 6 April 2016. Spotlight on flexibility:
Welplan Pensions Flexibility for members from 6 April 2016 Spotlight on flexibility: Pension freedom is great news for members Changes in the law mean that from 6 April 2015 many members of pension schemes
More informationFlexible Income Annuity. An income for life with the potential to grow
Flexible Income Annuity An income for life with the potential to grow Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace
More informationDrawdown Will Eventually Replace Annuities
Drawdown Will Eventually Replace Annuities Tom Boardman The Gordon Midgley Memorial Debate 2008 1 Annuitisation Puts capital at risk in exchange for receiving a mortality cross-subsidy Does not have to
More informationGUIDE TO RETIREMENT PLANNING FINANCIAL GUIDE. Making the most of the new pension rules to enjoy freedom and choice in your retirement
GUIDE TO RETIREMENT PLANNING Making the most of the new pension rules to enjoy freedom and choice in your retirement FINANCIAL GUIDE WELCOME Making the most of the new pension rules to enjoy freedom and
More informationYour options at retirement
Your options at retirement How you can take your pension with us B&CE pension schemes include: The People s Pension EasyBuild Stakeholder Pension & EasyBuild S2P TUTMAN B&CE Contracted-out Pension Scheme
More information30 Cannon Street, London EC4M 6XH, United Kingdom Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email: iasb@iasb.org Website: www.iasb.
30 Cannon Street, London EC4M 6XH, United Kingdom Tel: +44 (0)20 7246 6410 Fax: +44 (0)20 7246 6411 Email: iasb@iasb.org Website: www.iasb.org International Accounting Standards Board This document is
More informationPlanning a prosperous retirement
Planning a prosperous retirement Towry s Guide to Retirement Planning About Towry We are one of the UK s leading Wealth Advisers and specialise in providing high quality, expert financial advice to private
More informationYour choices at retirement and the Open Market Option (OMO)
CLIENT FACTSHEET Your choices at retirement and the Open Market Option (OMO) This fact sheet focuses on how you can use your SIPP fund to buy an annuity in the open market to provide an income in retirement
More informationKEY GUIDE. Investing for income when you retire
KEY GUIDE Investing for income when you retire Planning the longest holiday of your life There comes a time when you stop working for your money and put your money to work for you. For most people, that
More informationThe Retirement Account. Certainty, flexibility and simplicity for life
Certainty, flexibility and simplicity for life Introducing Retirement Advantage Previously known as MGM Advantage and Stonehaven, we are a well-established company that can trace our roots back over 150
More informationOur Services www.pembrokefinancial.co.uk
Independent Financial Advisers One less thing to worry about... A Guide to Our Services www.pembrokefinancial.co.uk About Our Services We are Independent Financial Advisers (IFA s) working in partnership
More informationFCA Retirement income market study: Interim Report. A response by the National Association of Pension Funds. January 2015 www.napf.co.
FCA Retirement income market study: Interim Report A response by the National Association of Pension Funds January 2015 www.napf.co.uk NAPF response to FCA retirement income market study Contents Overview...
More informationDisconnect between trustees and pension scheme sponsors risk management priorities could pose threat to defined benefit pension schemes
Disconnect between trustees and pension scheme sponsors risk management priorities could pose threat to defined benefit pension schemes - Pension scheme sponsors and trustees are collectively taking a
More informationSIPP ISA Dealing Junior ISA SIPP benefi ts guide
SIPP ISA Dealing Junior ISA SIPP benefits guide Contents Introduction SIPP benefits - the basics Annuity, income drawdown and taxable lump sums the commitments and risks 3 Your benefits options Lump sums
More informationWith new options available from April 2015, we can help you plan your finances for a worry-free retirement
Your retirement With new options available from April 2015, we can help you plan your finances for a worry-free retirement Life is full of financial decisions and planning your retirement is one of the
More informationWithdrawing relief for interest on loans to purchase life annuities
Withdrawing relief for interest on loans to purchase life annuities Summary of Responses 10 December 2013 Contents 1 Introduction 3 2 Responses 4 3 Next steps 6 Annex A List of stakeholders consulted 7
More informationFreedom and Choice in Pensions. Your guide to the changes
Freedom and Choice in Pensions Your guide to the changes Contents Freedom and Choice 3-5 in Pensions Buy an annuity 6-7 Remain invested - 8-9 entering drawdown Take a cash lump sum 10 Will providers offer
More information8th Bowles Symposium and 2nd International Longevity Risk and Capital Market Solutions Symposium
8th Bowles Symposium and 2nd International Longevity Risk and Capital Market Solutions Symposium Annuitization lessons from the UK Money-Back annuities and other developments Tom Boardman UK Policy Development
More informationTake a closer look at life settlements
Take a closer look at life settlements Transform your client s investment For financial intermediaries & professional investors Contents What are life settlements? 1 How do life settlements work? 2 Why
More informationNEST consultation response from Dr. Ros Altmann. Independent Pensions Policy Expert
6 January 2015 NEST consultation response from Dr. Ros Altmann. Independent Pensions Policy Expert 1. How will the trend for changing retirement patterns and provision affect a. What members need b. What
More informationEquity release. A guide for those considering unlocking the value in their home
Equity release A guide for those considering unlocking the value in their home Purpose Equity release is a big decision that will affect the rest of your life. It will mean giving up full control over
More informationA specialist provider of pension risk management solutions
A specialist provider of pension risk management solutions Our solutions are backed by our strong capital position and financial strength, and built upon over 90 years of pension risk management experience
More informationPLANNING THE RETIREMENT YOU WANT
PLANNING THE RETIREMENT YOU WANT Charlotte Supply Chain Graduate HEINEKEN UK Flexible Retirement Plan Contents A reminder of... How the Flexible Retirement Plan works 4 The benefits 6 Consider what you
More informationM&G Guide to Retirement Income
M&G Guide to Retirement Income 2 Working out how to make adequate financial provision for retirement is one of the most important financial decisions most of us will ever face. However, it can be a daunting
More informationASSESSMENT OF PARTNERSHIP S ENHANCED RETIREMENT ACCOUNT PROPOSITION
ASSESSMENT OF PARTNERSHIP S ENHANCED RETIREMENT ACCOUNT PROPOSITION NOVEMBER 2015 CONTENTS 1 INTRODUCTION... 3 1.1 PROJECT BACKGROUND... 3 1.2 AKG ASSIGNMENT... 3 1.3 INFORMATION SOURCES... 3 1.4 RELIANCES
More informationWhat we do. A guide to our services
What we do A guide to our services Retirement solutions since 1965 Hodge Lifetime has been a specialist in the retirement market for 50 years. Hodge Lifetime has been a specialist in the retirement market
More informationHelping your employees maximise their retirement income
Helping your employees maximise their retirement income Jelf Retirement Income Finder www.jelfgroup.com Welcome to the Jelf Retirement Income Finder Some of your employees will look forward to life after
More informationNew Pension Arrangements for Staff in Grades 1 to 5 Information for Active PAS members
New Pension Arrangements for Staff in Grades 1 to 5 Information for Active PAS members Gary Hague, Finance Office Steve Palmer, FriendsLife SPECIAL Introduction Following the recent consultation exercise
More informationIn this issue: employee benefits wealth management pensions life assurance mortgages healthcare. Summer 2015
independent financial advice everyone can follow... Summer 2015 employee benefits wealth management pensions life assurance mortgages healthcare In this issue: Pensions freedom: what s in store? The investment
More informationA Guide to. Self Invested Personal Pension Schemes (SIPPS)
A Guide to Self Invested Personal Pension Schemes (SIPPS) Prepared by: John Hebblethwaite APFS CFP Chartered Financial Planner Managing Director May 2011 Contents Introduction... 3 Eligibility... 4 Contributions...
More informationBy Alister Steele September 2012
A New Role for Housing Associations By Alister Steele September 2012 Introduction Housing association s core role is providing housing for those in greatest need underpinned by traditionally high levels
More informationGuaranteed Pension Annuity Policy Terms & Conditions
Guaranteed Pension Annuity Policy Terms & Conditions Thank you for choosing Hodge Lifetime for your retirement income. This document sets out the Policy Terms and Conditions that apply to all policyholders.
More informationOur guide to the Pension Schemes Act 2015
LCP GUIDE MARCH 2015 Our guide to the Pension Schemes Act 2015 IN THIS GUIDE: p2 An overview of the changes p2 Flexible benefits and safeguarded benefits The Pension Schemes Act 2015 offers up the prospect
More informationApril 2015: Forthcoming Pension Changes. Retirement options for money purchase pension schemes (including SSAS).
April 2015: Forthcoming Pension Changes Significant changes to pension regulations are being introduced on the 6 th April 2015. The legislation will be covered in the Taxation of Pensions Bill 2014 and
More informationThis form consists of 3 separate sections. Please read each section carefully.
32A28 CHANGE OF INVESTMENT Application form You or your financial adviser can alter your existing investment choice at any time on our website royallondon.com, if you/they have the required permissions.
More informationKEY FACTS 2015. UK Insurance & Long Term Savings. Key Facts 2015. Follow us on Twitter @BritishInsurers
KEY FACTS 2015 UK Insurance & Long Term Savings Key Facts 2015 @BritishInsurers Follow us on Twitter @BritishInsurers ASSOCIATION OF BRITISH INSURERS The UK insurance and long term savings industry is
More informationOur guide to. buying an annuity
Our guide to buying an annuity 2 Our guide to buying an annuity Contents Introduction 3 Pension reforms Thinking about retirement 3 Money and budgeting How can we help? Your retirement timeline Key questions
More informationHow to... Help your clients use their pensions freedom wisely
How to... Help your clients use their pensions freedom wisely How To Guide Introduction The new pension freedoms that came into effect in April 2015, may, at first, seem like a very attractive prospect.
More informationThe Personal Range Key Features of the Individual Personal Pension Transfer Value Account
The Personal Range Key Features of the Individual Personal Pension Transfer Value Account Reference MPEN11/F 07.15 The Financial Conduct Authority is a financial services regulator. It requires us, Friends
More informationFor professional investors and advisors only. Not suitable for retail clients. Schroder Life Flexible Retirement Fund
May 2016 For professional investors and advisors only. Not suitable for retail clients. Schroder Life Flexible Retirement Fund Improving the DC journey Members in a defined contribution (DC) pension scheme
More informationBUYING A PENSION ANNUITY.
PENSION ANNUITies BUYING A PENSION ANNUITY BUYING A PENSION ANNUITY. 1 This is an important, once and for all, decision. We want you to be confident that you have the information you need to make the right
More informationGuide to Pension Annuities
Guide to Pension Annuities Having successfully built up a pension fund during your working life, there will come a time when you will need to make some important decisions about how to use this fund. These
More informationA GUIDE TO FINANCIAL GUIDE. New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION
FINANCIAL GUIDE A GUIDE TO New Pensions Freedom GIVING PEOPLE MORE CONFIDENCE TO SAVE INTO A PENSION WELCOME Giving people more confidence to save into a pension Welcome to our Guide to New Pensions Freedom.
More information25 Must Ask Annuity Questions
25 Must Ask Annuity Questions When Can I Buy An Annuity? Who Is The Best Annuity Provider? Why Do I Need Advice? 1. What is an Annuity? If you have a private pension when you retire you can purchase an
More informationretirement planning the retirement you want Heineken UK Flexible Retirement Plan
my retirement planning the retirement you want Heineken UK Flexible Retirement Plan Contents Get an overview of the Heineken UK Flexible Retirement Plan What is the Flexible Retirement Plan? 4 Your benefits
More informationPensions Tax Reliefs. Factsheets. What are the tax breaks and controls on the tax breaks? Types of pension schemes
Factsheets Pensions Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Occupational schemes Personal Pension
More informationTypes of employer sponsored pension schemes
Types of employer sponsored pension schemes Occupational Pension Schemes This Factsheet provides you with the basic information needed to identify your type of employer sponsored pension scheme from the
More informationThis way to more information
Please keep this booklet safe This way to more information This Member Booklet will take you through what you need to know about The People s Pension For people, not profit Contents: Page Understanding
More informationFreedom and choice in pensions: government response to the consultation
Freedom and choice in pensions: government response to the consultation Cm 8901 July 2014 Freedom and choice in pensions: government response to the consultation Presented to Parliament by the Chancellor
More informationAnnuities and decumulation phase of retirement. Chris Daykin UK Government Actuary Chairman, PBSS Section of IAA
Annuities and decumulation phase of retirement Chris Daykin UK Government Actuary Chairman, PBSS Section of IAA CASH LUMP SUM AT RETIREMENT CASH INSTEAD OF PENSION > popular with pension scheme members
More informationFLEXIBLE LIFETIME ANNUITY NATIONAL INSURANCE NUMBER POLICY NUMBER
FLEXIBLE LIFETIME ANNUITY NATIONAL INSURANCE NUMBER POLICY NUMBER 1 THE PRUDENTIAL ASSURANCE COMPANY LIMITED Incorporated in England Reg'd No. 15454 Registered Office: Laurence Pountney Hill, London, EC4R
More informationPensions Tax Reliefs
Our Vision Pensions Tax Reliefs To become the Best Provider of Solutions for Businesses in Coventry & Warwickshire Types of pension schemes There are two broad types of pension schemes from which an individual
More informationBE YOU. Award winning independent pensions, investment and risk consulting. Shabana Masavi Newly Qualified Consultant Birmingham
BE YOU Award winning independent pensions, investment and risk consulting Shabana Masavi Newly Qualified Consultant Birmingham choose Why us? Hymans Robertson is an award winning, independently-owned pensions,
More informationHMT / DWP CONSULTATION RESPONSE CREATING A SECONDARY ANNUITY MARKET
HMT / DWP CONSULTATION RESPONSE CREATING A SECONDARY ANNUITY MARKET INTRODUCTION TISA is a not-for-profit membership association operating within the financial services industry. TISA s membership comprises
More informationKEY FEATURES OF THE NEW OPEN ANNUITY. www.londoncolonial.com
KEY FEATURES OF THE NEW OPEN www.londoncolonial.com New Open Annuity Take control of your pension Please note that the New Open Annuity is not appropriate for everybody and it is essential for prospective
More informationAnnuity underwriting in the United Kingdom
Annuity underwriting in the United Kingdom 1. Purpose This note is for the International Actuarial Association Mortality Working Group (IAAMWG). It aims to provide an overview for an international audience,
More informationPension Reforms. Key points: By Nigel Aston UK Head of Defined Contribution
Pension Reforms Herald New Era By Nigel Aston UK Head of Defined Contribution Key points: Rather than most people having to secure a pension income by purchasing an annuity, people retiring from April
More informationHow to achieve quality retirement outcomes for your members
How to achieve quality retirement outcomes for your members Speakers Andrew Pennie, Marketing Director, Intelligent Pensions Steve Patterson, Managing Director, Intelligent Pensions Chair John Moret, Chairman,
More informationWITHDRAWING MONEY PURCHASE FUNDS
WITHDRAWING MONEY PURCHASE FUNDS WITHDRAWING MONEY PURCHASE FUNDS Pension commencement lump sum plus annuity Uncrystallised funds pension lump sum Flexi -access drawdown Small pots PRESERVE YOUR FUTURE
More informationA guide to your retirement options
A guide to your retirement options I have been looking forward to my retirement but now I am worried about making the right choice See your options page 4. Cathy has stood by me through the good times
More informationBuying a pension annuity
Buying a pension annuity Why do I need to think about buying a pension annuity? When you come to retire, you will have some important decisions to make. Probably most important of all is how you will generate
More informationMORE CHOICE MORE FREEDOM
LOOK FORWARD TO MORE CHOICE MORE FREEDOM A guide to Income Release Pension Portfolio royallondon.com WELCOME TO ROYAL LONDON We re a mutual organisation and, unlike a PLC, we don t have any shareholders
More informationAccurium SMSF Retirement Insights
Accurium SMSF Retirement Insights SMSF Trustees healthier, wealthier and living longer Volume 2 April 2015 Our research indicates that SMSF trustees are healthier, wealthier and will live longer than the
More informationNurturing your investment
helping life flow smoothly UNITED UTILITIES PENSION SCHEME Investment choices Nurturing your investment Contents Investment choices 1. A BRIEF GUIDE TO INVESTMENTS A reminder of the main different types
More informationStatement on Genetic Testing and Insurance
Statement Statement on Genetic Testing and Insurance June 2014 Document 214073 Ce document est disponible en français 2014 Canadian Institute of Actuaries STATEMENT ON GENETIC TESTING AND INSURANCE This
More informationBuying additional TPS pension England
Buying additional TPS pension England The NASUWT believes that the Teachers Pension Scheme (TPS), with an average employee contribution which has increased by 50 per cent from 2012 onwards, must provide
More informationKEY GUIDE. Financial protection for you and your family
KEY GUIDE Financial protection for you and your family Protecting what matters most Life and health insurance protection underpins most good financial planning. These types of insurance can ensure that
More informationStrategies for a more secure retirement
Investment insight February 2013 Jerome Bodisco Investment Research Strategist ThreeSixty As retirement approaches, protecting investments becomes more important than ever. One of the main financial risks
More informationMedically underwritten bulk annuities the future?
Medically underwritten bulk annuities the future? Costas Yiasoumi costas.yiasoumi@partnership.co.uk A real innovation to bulk annuities 1 1 Medical underwriting is a welcome innovation Medical underwriting
More informationaquilaheywood's response to HM Treasury's consultation on creating a secondary annuity market
aquilaheywood's response to HM Treasury's consultation on creating a secondary annuity market June 2015 www.aquilaheywood.co.uk Table of Contents Introduction 3 Our response to the consultation 3 Response
More informationCall for Evidence: Creating a secondary annuity market. IFoA response to HM Treasury and the Department for Work and Pensions
Call for Evidence: Creating a secondary annuity market IFoA response to HM Treasury and the Department for Work and Pensions 18 June 2015 About the Institute and Faculty of Actuaries The Institute and
More informationImportant information. Key Features of the Income Choice Annuity
Important information Key Features of the Income Choice Annuity Important information The Financial Conduct Authority is a financial services regulator. Prudential is required to give you the important
More informationContents: What is an Annuity?
Contents: What is an Annuity? When might I need an annuity policy? Types of annuities Pension annuities Annuity income options Enhanced and Lifestyle annuities Impaired Life annuities Annuity rates FAQs
More informationMEETING THE RETIREMENT INCOME CHALLENGE APRIL 2013
MEETING THE RETIREMENT INCOME CHALLENGE APRIL 2013 INTRODUCTION The Australian retirement system is generally regarded globally as being well advanced, ranking third in the 2012 Mercer Melbourne Global
More informationConventional Lifetime Annuity Options Your Questions Answered
Conventional Lifetime Annuity Options Your Questions Answered 0845 077 7077 (8.30am-6pm weekdays) Calls may be recorded for training and monitoring purposes. www.425fs.co.uk Contents 1. Introduction to
More informationIt s flexible. Key features of the Flexible Income Annuity. Flexible Income Annuity
It s flexible Key features of the Flexible Income Annuity Flexible Income Annuity This is an important document and you should read it before deciding whether to buy your pension annuity from us Purpose
More informationPensions Tax Reliefs. 03333 219 000 advice@bishopfleming.co.uk. www.bishopfleming.co.uk
Pensions Tax Reliefs Types of pension schemes There are two broad types of pension schemes from which an individual may eventually be in receipt of a pension: Workplace pension schemes Personal Pension
More informationUseful information about your retirement options
Your Options at Retirement Useful information about your retirement options It s important that you read and understand this brochure as it explains: Annuities and how they work Using the Open Market Option
More informationImportant information. Key Features of the Guaranteed Pension Annuity
Important information Key Features of the Guaranteed Pension Annuity Important information The Financial Conduct Authority is a financial services regulator. Prudential is required to give you the important
More informationFinancial education and member engagement support
1 education and member 2 Before implementing your new scheme or reviewing your existing scheme, we will look at the ways we can help you and the key areas you need to think about. Offering a workplace
More informationKey Features of the Just Retirement. Key Features of the Just Retirement Fixed Term Annuity
Key Features of the Just Retirement Fixed Term Annuity This brochure outlines the key features of the Just Retirement Fixed Term Annuity. The Financial Conduct Authority is a financial services regulator.
More informationKEY FEATURES OF THE PROTECTED RETIREMENT PLAN
KEY FEATURES OF THE PROTECTED RETIREMENT PLAN Customer version The Financial Conduct Authority is a financial services regulator. It requires us, LV=, to give you this important information to help you
More informationWe can cut to the chase: - There are two reasons why many investors prefer drawdown to annuities:
Gordon Midgley Memorial Debate: Drawdown Will Eventually Replace Annuities, April 16, 2008 For the Motion: Billy Burrows Hello, my name is Billy Burrows and I am here to propose the motion, - Drawdown
More informationA clear guide to your retirement options. We ll help you get there
A clear guide to your retirement options investments pensions PROTECTION We ll help you get there Contents If you are retiring soon 3 Things to consider 4 Your options at a glance 6 Tax-free lump sums
More information