Retirees losing thousands with worst-paying annuities

Analysis finds 14% annuity gap costs retirees on moderate income up to £27,000

Jasmine Urquhart
clock • 2 min read
Just Group analysis finds retirees could lose out on thousands each year if they buy worst-paying annuity
Image:

Just Group analysis finds retirees could lose out on thousands each year if they buy worst-paying annuity

The gap between the best and worst-paying annuities is costing retirees thousands of pounds each year, analysis by Just Group has found.

The gap between the most and least competitive standard (non-personalised) annuity deals currently stands at 14%, with those taking into account medical and lifestyle history paying even more secur...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Industry

Phase two of pensions review delayed by Reeves

Phase two of pensions review delayed by Reeves

Government tells PP it will set out more details on phase two ‘in due course’

Holly Roach
clock 16 December 2024 • 6 min read
TPR's DB funding code and the importance of an effective trustee chair

TPR's DB funding code and the importance of an effective trustee chair

Vidett’s Gillian Graham looks at the expectations and importance of the role of chair

Gillian Graham
clock 16 December 2024 • 3 min read
Chris Curry to present keynote session at 2025 Admin & Data Forum

Chris Curry to present keynote session at 2025 Admin & Data Forum

Our annual event will return as a half-day event at One Whitehall Place on Tuesday 6 March 2025

Jonathan Stapleton
clock 16 December 2024 • 1 min read
Trustpilot