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Displaying items by tag: Canada Life

Wednesday, 23 October 2024 11:03

7 in 10 think retiring in 60s a thing of the past

Over two thirds (69%) of Britons believe retiring in our sixties will become a thing of the past, according to new research.

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A 65-year-old with a £100,000 pension could get themselves up to £7,430 per year from an annuity, the highest since last October, according to data from Hargreaves Lansdown.

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Half (49%) of workers in the UK plan to work beyond State Pension age, with the average expected retirement age of 72.

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Monday, 11 December 2023 11:26

Annuity rates climb 54% in 2 years

In the last two years annuity rates have risen by more than half, according to Canada Life, giving a 65-year-old with a £100,000 annuity an extra £2,500 a year.

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Tuesday, 28 November 2023 11:09

Annuity deals differ by £13,240, says Canada Life

The difference between the best and worst annuity in the open market could pay an extra £13,240 in income or £662 a year over a typical 20-year period, according to Canada Life.

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Monday, 21 August 2023 19:07

Canada Life reports doubled annuity sales

Canada Life has reported doubled annuity sales compared to last year, according to its UK half year financial results.

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Despite the significant improvement in annuity rates over the past 18 months, only 14% of 50+ year olds who are at least fairly familiar with annuities consider them to currently offer a good rate.

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Tuesday, 27 June 2023 08:49

Annuity break-even point falls by 5 years

The break-even point for retirees to get their money back from an annuity investment has fallen by five years as rates rise, according to Canada Life.

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Wednesday, 08 March 2023 14:31

MPAA awareness 'very low' - Canada Life

The Money Purchase Annual Allowance (MPAA) has created a pensions tax trap for millions of people aged over 55, according to new research.

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Monday, 12 December 2022 16:47

Annuity rates soar 44% in 2022

Annuity rates have soared in 2022 as gilt yields rose and competitors vied for market position.

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