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

Clwyd Pension Fund reappoints Aon as adviser

Clwyd Pension Fund reappoints Aon as adviser

LGPS fund retains services of Aon to provide consultancy services on a range of topics

Martin Richmond
clock 18 February 2025 • 1 min read
Buzz: Are you confident about working collaboratively with TPR?

Buzz: Are you confident about working collaboratively with TPR?

TPR collaboration, sole trustee market, Virgin Media ruling and artificial intelligence

Professional Pensions
clock 18 February 2025 • 1 min read
2025 will be a year of 'decisive' action, TPR says

2025 will be a year of 'decisive' action, TPR says

CEO Nausicaa Delfas says regulator will further implement its vision of more prudential style of regulation

Martin Richmond
clock 17 February 2025 • 3 min read
Trustpilot