Since April 2015, older savers have been able to take money directly from their pension, rather than buying an annuity. We ...

Guaranteed life annuities offer a secure income stream that is usually purchased with a lump sum from an insurance company.

Annuity fees include commissions, administrative costs, expense ratios and more. How much is too much and how do you know if ...

John Egan is a veteran personal finance writer whose ... 83% believe they’ll be financially secure in retirement. A lifetime income annuity is a common type of retirement-focused annuity that ...

Annuities may be a go-to investment option for retirees with a high net worth that value comfort, customizability, and ...

PENSION annuity rates have hit a 15-year high and experts suggest now is a good time to buy one. Annuities are a product you can buy with your pension pot that gives you a set income when you retire.

Investment experts at Hargreaves Lansdown revealed that a 65-year-old with a £100,000 pension can now secure up to £7,639 per year from a single-life level annuity with a five-year guarantee.

David Rodeck specializes in making insurance, investing, and financial planning understandable for readers. He has written for publications like AARP and Forbes Advisor, as well as major ...

In a way, it’s like setting up a personal pension. Overall, annuities are a way to accumulate money for use at a later date. Also, when you withdraw money from your annuity, you must pay taxes ...

Contributions to a personal pension get tax relief ... free lump sum but you must use the rest of the savings to buy an annuity, which will pay you a regular amount for the rest of your life.

It’s a dramatic return to favour for a market that has been criticised in recent years for offering poor value for money and for being inflexible. An annuity is a retirement income product where you ...