There has been little change to annuity rates since the last update and this reflects the flat line trend for gilt yields at the moment. The benchmark 15-year gilt yield has remained just under 2 per cent so far in April. Unless yields increase, annuity rates will remain at present levels. In my recent paper […]
Pensioners who want to swap their annuities for cash or drawdown under the Coalition’s plan could find a Labour government blocking their plans, Money Marketing understands. Chancellor George Osborne launched a consultation on creating a secondary annuity market as part of his March Budget, and claimed the reform would allow around five million people to […]
Leeds Building Society has loosened its interest-only criteria and now lends up to 75 per cent LTV on a part and part basis. Previously, the lender offered interest-only mortgages to a maximum LTV of 50 per cent. Now, however, it will lend to 75 per cent LTV, with a maximum of 50 per cent LTV […]
ABI, NAPF and the Trade Union Congress back commission to tackle short-termist political approach to retirement saving.
In his latest Investment Clock economic report Ian Kernohan, Senior Economist at Royal London Asset Management, argues that ‘Lower for longer lives on’. Read the report here: The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get back the amount […]
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