Author: The Bower Team

Life expectancy has risen significantly since the state pension was introduced. Surprisingly the most recent prediction from the ONS indicates a fall in our longevity. Predictions for life expectancy are critical in the determination of annuity rates and equity release loan to values.

Financial experts on retirement provision reveal that too many people are not shopping around for the best annuity rate. As a result their pension incomes are lower than they could be. A large proportion of those in retirement are also planning to make use of their properties to top up their pensions via downsizing or equity release. To secure the best plan, it is important for them to take independent financial advice.

Providing for the future: are you prepared for retirement? Many people do not have a long term retirement plan or, for some, the options may not be entirely clear.

There is a saying that we revert to our childhood when we get older. This may or may not be true. It would perhaps be rather pleasant if we do, particularly if life becomes more relaxed and straightforward. However one aspect which we hadn’t expected is revealed in a recent study by insurance provider LV=.

Figures released by a leading annuity provider (Partnership Assurance) have revealed that people’s income when they stop working is likely to have reduced by at least one third. The fall will be making life extremely tough for many of them, and they certainly will not be able to enjoy their retirement years in the manner […]