Tag Archives: annuities

Most of the benefits of an annuity at a fraction of the cost?

AnnuityAn annuity is a reasonable solution to an obvious problem. You don’t know how long you will live in retirement, but an annuity provider can estimate this, take a risk, and sell you an income that lasts the rest of your life. In practise this hasn’t represented good value for money, so I welcomed the budget announcement to give retirees more choice in investing or disposing of their own money. Yesterday Janice Turner argued for the Continue reading »

Posted in Op-eds | Also tagged | 30 Comments

The price of trusting people with their own money

pensionsThe world of the private “Defined Contribution” pension is one that sees so many hidden fees it has been described as generating a greater return for the financial services industry than it does the saver. A large bite of this comes with the annuity purchase, where the pension pot, built up over the years, is spent on an annuity, converting a cash sum into a fixed (or index-linked) income for life.

Annuity purchase represents a kind of insurance against getting too old and running out of money.

Posted in Op-eds | Also tagged , and | 52 Comments

The battle for pensioners’ votes begins with Cameron on Liberal Democrat turf

The latest Ashcroft polling shows that the Conservatives have a long way to go to be within a shout of victory, with 37% of those who voted Tory saying at the moment that they would not do so if there were an election tomorrow. It’s hardly surprising, then, that David Cameron kicks off the next stage in the 2015 election campaign, in an interview with today’s Sunday Times (£), by pledging to stick to one of the Coalition’s most successful policies through another Parliament.

The Tories have previous for trying to claim the credit for a Liberal Democrat policy. Last …

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Recent Comments

  • User AvatarDavid Warren 21st Oct - 4:14pm
    Sounds like an interesting and thought provoking collection of essays. However the journey of the party over recent years gives me real concerns that the...
  • User AvatarDavid Garlick 21st Oct - 3:50pm
    I suspect that the govt did not press for a vote on Saturday as they were confident that they did not have the numbers to...
  • User AvatarDavid Garlick 21st Oct - 3:44pm
    I suspect that the Vote was not asked for yesterday as they were confident that they did not have the numbers to pass it. Today...
  • User AvatarPaul Walter 21st Oct - 3:31pm
    In reply to George and William and as a member of LGBT+ Liberal Democrats myself, I think it is worth reading this press release from...
  • User AvatarMartin 21st Oct - 3:01pm
    For the record Phillip Lee has said this:I wish to make it clear that I share the desire of those who want society to embrace,...
  • User AvatarArnold Kiel 21st Oct - 2:32pm
    6 or 7% of GDP equals GBP 2000 per person, not household. The per household number is 5000.