Property News · July 27, 2016

How to negotiate the pensions minefield in Brexit Britain


The vote to leave the EU has seen annuity rates fall sharply. But would-be retirees still have other options Margaret Lawson is relieved that she bought an annuity in April before the rates sank any further. It was an astute decision by the 66-year-old dairy farmer. Since the vote at the end of June that the UK should leave the European union, rates have dropped by 3.5%.“I only had a small personal pension of around £16,000,” she says. With this, she bought a Prudential annuity through investment adviser Hargreaves Lansdown, which pays her £75 a month. Lawson acknowledges that this is not a lot, but she is not relying on it alone to fund her retirement. “It will help towards basic bills,” she says. Continue reading…

Source : theguardian.com
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