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Blog and press cuttings

It has been 16 months since I started advising clients again after a break of four years. Obviously much has changed after pension freedoms not least that annuities are less popular and drawdown has become the new default at retirement. This is not a problem nor an issue for a good adviser because they will always work out what is the best solution for the client rather than be ...

Annuity Update May 2018 As I review annuity rates at the beginning of May 2018 I am struggling to say anything new because there has been little meaningful change to rates over the last few months except for relatively small changes to some rates when yields have changed. Little has changed Annuity rates have been stuck in a narrow band for the last 8 months with the benchmark ...

One step forward, one step back In my last annuity update at the end of February I was upbeat about the annuities and the opening sentence was “Annuities are coming out of the doldrums as rates rise are rising on the back of increased bond yields.” Just over a month later the wind has been taken out of my sails as gilt and bond yields have fallen resulting in lower annuity rate ...

Annuity comparator makes it easier to shop around From 1 March 2018 every firm issuing guaranteed annuity quotes must comply with new rules set out in the FCA’s policy statement PS17/12. In simple terms, firms will need to ask customers for their consent to use personal information in order to produce an annuity comparator. The annuity comparator is simply a new type of annuity ...

Over the last few weeks we have been busy reviewing many of the pension drawdown plans we have arranged for our clients looking to see how they have weathered the recent the recent fall in global equity prices. The recent market correction was not a full-blown crash, probably not even a mini crash, just a short-term reaction to the possibility of an overheated US economy. We th ...

How should we react when there is an unexpected downturn in financial markets? This question was probably being asked by many advisers and their clients as global equity markets fell in the first weeks of February. At the time of writing, the fall in equity prices at the beginning of February appears to be a relatively small correction and far from a full-blown crash. The later ...

Will 2018 be the year of the annuity after all? At the beginning of last year I asked the question; “Was 2017 going to be the year of annuity after several years of decline in rates and popularity”. In early January 2018 I reported “annuities are still in the doldrums and there are few signs that things will improve significantly in the next few months”. However by the 2nd week ...

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If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.

William Burrows

William Burrows

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