Made-to-measure annuities

retirement income

Since A-Day investors have been able to take advantage of fixed period annuities and capital protected annuities which allow for these products to be more closely matched to individual profiles

The annuity market is growing rapidly with the value of sales expected to double from £7.5bn in 2004 to over £18bn by 2012, according to Cass Business School Pensions Institute . As private sector employers move inexorably towards a defined contribution (DC) world and the new tax regime takes effect, the number of people buying annuities, and the annuity options they face, will increase underlying the importance of seeking advice. In the light of falling annuity rates, driven down by rising longevity and plummeting gilt yields, it is no easy task to change the public perception that annui...