Annuities: Will there ever be a good time to buy?

ANNUITIES

clock

With annuity rates at record lows and longevity increasing, Andrew Tully, pensions technical director at MGM Advantage, asks what the possible solutions are for your clients.

We often wish for a crystal ball in life. Knowing what was around the corner could make some of our big decisions easier, including when to buy an annuity. With annuity rates at a depressing low, many people are toying with buying an annuity now or putting it off for a few months until rates (hopefully) recover. But with a range of legislative, regulation and market changes on the horizon, picking the right time may prove problematic. Macro factors Market factors affecting the cost of gilts continue to cause havoc. With the latest round of uncertainty in the eurozone created by the G...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Aviva's wealth arm grows despite £1.7bn overall outflows

Aviva's wealth arm grows despite £1.7bn overall outflows

For the nine months to 30 September 2024

Sahar Nazir
clock 14 November 2024 • 1 min read
Financial advice exam costs continue to rise

Financial advice exam costs continue to rise

Level 4 offerings see biggest price jump

Isabel Baxter
clock 14 November 2024 • 3 min read
Vulnerability taboos deterring clients from seeking additional adviser support

Vulnerability taboos deterring clients from seeking additional adviser support

Industry needs to ‘reshape the dialogue’ around vulnerable clients

Isabel Baxter
clock 14 November 2024 • 3 min read