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

Access LGPS pool hits £50bn in assets under management

Access LGPS pool hits £50bn in assets under management

Pool also revealed it is working on private equity and private debt mandates

Holly Roach
clock 12 November 2024 • 1 min read
Buzz: Are you happy with the FCA's final dashboard rules?

Buzz: Are you happy with the FCA's final dashboard rules?

FCA dashboard rules, national lifetime savings plan and US election

Professional Pensions
clock 12 November 2024 • 1 min read
Aegon to launch commercial pensions dashboard

Aegon to launch commercial pensions dashboard

Comes after the FCA published its regulatory framework for dashboard service firms

Holly Roach
clock 11 November 2024 • 1 min read
Trustpilot