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Tuesday September 26th, 2017 

News Archive - Feb 2012

More woe for prospective annuitants

12/02/2012

Pension annuity rates are hitting new lows. I have previously discussed the reasons for falling annuity rates. I can still see no real reason why annuity rates should rise in the future. Income Drawdown is an option but I still feel that it is too risky for the majority of pensioners - most people who have used income drawdown have experienced a falling level of income over time. I do not think that this is generally a suitable option for those without significant other sources of retirement income.

There are a few options for those who want to buy an annuity but would like some potential for future income growth. These are called 'asset-backed' or 'investment-linked' annuities, whereby your future income levels are linked to the performance of an investment fund or funds. In the current climate I think that it is worthwhile taking a small degree of risk with your future income levels, in exchange for the chance of some growth.

Statistically, the average 65 year old in the UK will live for another 18-20 years. I think that age 65 might be a bit early to move from stock market risks (within your pension fund) to no risk whatsoever. However, this is an individual choice and needs plenty of thought and discussion.

Call Mulberry if you are planning your retirement and want to know what options are available.

Mulberry Financial at the 50 Plus Show - Manchester Central, 2-3 March 2012

20/02/2012

We will have a stand at the 50 Plus Show in Manchester in a couple of weeks time. Ther are a wide range of exhibitors so it should be well worth a visit. More details are available on the website - www.50plusshow.com

We hope to see you there!

 

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The material here is for general information only and is not intended to be relied upon for individual investment decisions. Appropriate independent advice should be obtained before making any such decisions. Mulberry Financial Ltd does not accept any liability for any loss suffered by any user as a result of any such decision.
The information is based on our understanding of current HMRC rules and practices (as at the news article date) which are always subject to change. Taxation and trust advice and Cash ISAs are not regulated by the Financial Conduct Authority. This site is aimed at UK residents only.
Please remember that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. Past performance is not necessarily a guide to the future.


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