Pension freedoms craze for cash continues
Contradicting to the view that pension freedoms have decimated the annuity market, the ABI's figures showed annuity sales were fairly steady. In the first year of the new regime, a total of 80,000 annuity policies were sold at ... "While the numbers of ...
Pensions - Articles - The evolution of the new retirement market continues
Two years since the Government's pension flexibility reforms came into effect, the majority of savers with larger pots are using them to buy a retirement product – either a guaranteed income (annuity) or flexible income (drawdown). The sum being ...
Pension flexibility preference varies on size of savings
Individuals with less than £50,000 saved favour the guaranteed income of a product of an annuity, but those with more than £50,000 in their pension pot are increasingly likely to want more flexibility with their income, according to research of more ...
Placing an annuity in an IRA may not be, as some say, like wearing a raincoat indoors
Single contribution annuities are best suited for people who can make a one-time investment large enough to meet their needs. Flexible premium annuities allow purchasers to make ongoing contributions until they are ready for their income stream to begin.
Money International (blog)
Over 65s At Mercy Of The Markets Without A Fixed Income
Money International (blog)
“While pension freedoms have heralded a new era of flexibility, retirees can still opt for security without having to purchase an annuity,” he said. “Guarantees can be added to drawdown policies to ensure a set income for life regardless of stock ...
Millennials, Take This Savings Lesson From Retirees
A Roth IRA is most flexible: You can get your hands on contributions, but not earnings, at any time. But if you take an early distribution from your traditional IRA or 401(k), you'll almost always pay a 10% penalty. The list of exceptions is short ...
Osborne's pension legacy contested two years on
As a result, many providers exited the annuity market altogether, shifting their attention to the burgeoning drawdown market. The former chancellor-turned-newspaper editor's ... "It was inevitable that fewer people would choose a guaranteed income for ...
Department of Labor's fiduciary rule blamed for insurers' massive hit on variable annuity sales
The variable annuity industry took a beating in 2016, with several of the top sellers inking losses upwards of 25% on the year and some exceeding 40%. The Department of Labor's fiduciary rule, issued in its final form last spring, played a big role in ...
The pension system has become so complicated - workers will end up out of pocket at retirement
Vince Smith-Hughes, retirement income expert at Prudential, said: “Nearly 550,000 people have accessed more than £9.2billion in funds since the launch of pension freedoms, demonstrating that there is a popular demand for the increased flexibility ...