Gambling in retirement

Article Abstract:

United Kingdom annuity rates have dropped to low levels and investors may consider income drawdown plans as a solution to avoid being locked into a low annuity level. Income drawdown plans were launched in 1995 and allow investors to defer their annuity purchase while drawing an income, until they are 75-years-old. Income drawdown offers greater flexibility and allows dependants to keep the whole of the pension fund, while nothing is left if an annuitant dies unless it is a particular type that continues to pay dependants. Annuities may be better suited for older people, and they offer greater security than income drawdown plans.

---

Facing the future

Article Abstract:

Demand for annuities in the United Kingdom is likely to rise as stakeholders pensions are introduced and companies move to money purchase schemes and away from final salary schemes. Guaranteed annuities based on interest rates have become more expensive, so equity-based annnuities offering greater flexibility, may be a good alternative. South African financial services companies offer such deals, and allow the annuitant to retain the capital for the life annuities in their estates. UK annuitants would benefit from such schemes.

Insurance industry, Life insurance industry

---

Income drawdown - a snip at 25,000 pounds sterling

Article Abstract:

United Kingdom income drawdown schemes offer investors greater flexibility than conventional annuities. They allow investors to keep their funds invested while drawing an income. There are problems such as high commission payments to financial advisers, and investments that may be inappropriate in that they do not produce high enough returns. Income drawdown plans are more suited to certain types of investors, such as those who are relatively young and well-off.

Similar abstracts:

• Abstracts: Tuning the income engine. Income you can trust
• Abstracts: Which way to retirement? Top-up options. It's good to talk
• Abstracts: High income on the up. Out of the ordinary. Taking income from capital
• Abstracts: Pumping up your pension. That Furbs feeling
• Abstracts: Proposed regulations address income exclusion for certain real property business indebtedness. Washington Tax Watch - Proposed Regulations Address Income Exclusion for Certain Real Property Business Indebtedness

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.