Income in retirement

Most pension savers risk losing out on annuity income

Monday, 12 August 2013 | News

Almost 80% of those nearing retirement think staying with their existing pension provider will ‘make no difference' to the amount of money they receive from their annuity.

Should you take a tax-free lump sum from your pension?

Friday, 27 September 2013 | Article

It's impossible to estimate how many conservatories, new cars and cruises have been bought with the tax-free cash investors can draw from their pension.

Annuity rates start to "make up lost ground"

Wednesday, 17 July 2013 | News

Annuity rates are rising, but their recovery has a long way to go yet, according to the latest Annuity Index from MGM Advantage.

Annuities: retirement income falls by 30%

Monday, 10 June 2013 | News

Annuity rates have plummeted by almost 30% since the Bank of England began a program of quantitative easing (QE) four years ago that was designed to kickstart the ailing British economy.

How snoring could boost your retirement income

Wednesday, 08 May 2013 | Article

Does your partner snore? Does it drive you crazy? Well, next time you are struggling to sleep start counting the pounds because snoring could earn you a pretty penny when you retire.

Drawing your pension: what you need to know

Wednesday, 08 May 2013 | Article

Once you're retired, there are two main ways you can draw an income from your pension.

Should I put my pension into an annuity or elsewhere?

Tuesday, 16 April 2013 | Question and Answer

You can take tax-free cash equal to 25% of each pension fund. This is provided as a lump sum payment directly into your nominated bank account.

Annuity rates rise for first time in two years

Tuesday, 09 April 2013 | News

Average annuity rates rose by 3% in the first three months of the year, the first increase in two years, according to MGM Advantage.

Six steps to choosing the right annuity

Tuesday, 02 April 2013 | Article

After years of mis-selling and misbuying, a glorious brave new world for annuities has arrived. We should all rejoice and get the flags out because purchasers of pension annuities will no longer be fleeced.

FSA to review the annuity market

Thursday, 31 January 2013 | News

The Financial Services Authority (FSA) will today announce a review of the pension annuity market to find out if consumers are being treated fairly.