The rules on pensions have been relaxed - should you abandon your annuity?
From today pension rules have been relaxed. What should you consider?
From today, you have much more freedom about whether or not you buy an annuity, how you can take money from your pension and how much money you can take from your pension through income drawdown. Some companies have already said that they will extend cooling off periods. What should you do?
Changes to pension annuities are on the way, but what should you do now?
If you’ve already taken out an annuity or were planning to, can you change your plans?
On Wednesday the chancellor dropped something of a bombshell, saying that people would no longer have to buy an annuity. The changes are being introduced in two stages So what should you do if you’ve just bought or were about to buy an annuity?
Buying a joint life annuity; how to make sure your husband or your partner are provided for
If you or your husband/partner buys the wrong type of annuity, you could be left without a pension
Thousands of widows and surviving partners are left without a pension every year after their husband or partner dies. That’s because their husband/partner has bought a ‘single life’ annuity with their pension pot, which is only designed to pay a retirement income for as long as he or she lives. Once they’ve died, it doesn’t pay a penny. In order to get a pension after your husband or partner dies, if they want to buy an annuity, it must what’s called a ‘joint life’ annuity.