Annuity disparity prompts calls for additional support

Increased rates mean a disparity between annuities is ‘very apparent’

Holly Roach
clock • 1 min read
Annuity disparity prompts calls for additional support

Punter Southall Aspire has called on employers to do more to support employees approaching retirement, amid a disparity in annuities that has been made more apparent following an increase in rates.

This comes as Standard Life analysis revealed annuity rates have increased by 50% since the start of the year from 4.66% to 7.04%, while Just Group found a 16% gap in income between the worst and b...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

UK Pensions Awards 2025: Just over one week left to enter!

UK Pensions Awards 2025: Just over one week left to enter!

This year’s awards will be held on 12 June at The Brewery in London

Professional Pensions
clock 14 January 2025 • 4 min read
News Digest: Pension managers urge UK to ditch 'megafund' scale test

News Digest: Pension managers urge UK to ditch 'megafund' scale test

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 14 January 2025 • 1 min read
Buzz: Should LGPS pools consolidate?

Buzz: Should LGPS pools consolidate?

LGPS consultation, DC megafund proposals and pension fund clearing exemption

Professional Pensions
clock 13 January 2025 • 1 min read
Trustpilot