Just a quick (but belated) happy new year to all our readers. It has been a turbulent year for the annuity market, with fluctuations in rates for annuities. There was also the news that over the last 15 years rates had fallen by over 40% for both men and women, and also the pension saving products are become seemingly less popular with many IFA’s.
So what can we all do to help counter this negative news? Well the key is to keep banging on about how retirees must shop around for the best annuity, and ensure they get the maximum retirement income. Providers seem to be probing annuitants much better these days for any possible medical problems both past and present, but still need to do more to ensure people are aware they can try other providers for a more suitable deal.
