{"id":26077,"date":"2016-09-14T18:15:39","date_gmt":"2016-09-14T11:15:39","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/annuity-rates-plummet-making-2016-worst-year-for-payouts\/"},"modified":"2016-09-14T18:30:46","modified_gmt":"2016-09-14T11:30:47","slug":"annuity-rates-plummet-making-2016-worst-year-for-payouts","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/annuity-rates-plummet-making-2016-worst-year-for-payouts\/","title":{"rendered":"Annuity rates plummet, making 2016 'worst year for payouts'"},"content":{"rendered":"


\nAverage income for retiring pensioners has fallen by 15% so far, MoneyFacts data revealsAnnuities have suffered their worst year on record, with payouts to newly retiring pensioners falling by 15% so far during 2016, according to data provider Moneyfacts.Annuities are an income for life, whereby those retiring can swap their pension savings accumulated while at work for an agreed fixed income, paid out every year until they die. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Annuity rates plummet, making 2016 ‘worst year for payouts’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Average income for retiring pensioners has fallen by 15% so far, MoneyFacts data revealsAnnuities have...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26077","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6MB","jetpack-related-posts":[{"id":11068,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ministers-to-discuss-fate-of-pensioners-trapped-with-annuities\/","url_meta":{"origin":26077,"position":0},"title":"Ministers to discuss fate of pensioners trapped with annuities","date":"March 12, 2015","format":false,"excerpt":"\r Hope for millions of retirees who will not benefit from pension \u2018freedom day\u2019, according to new report Pensioners who are locked into an annuity to provide them with retirement income may be allowed to sell the policy under measures reportedly being discussed by ministers on Friday.The 2014 budget announced\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11102,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-fca-proposes-protections-for-people-planning-to-sell-annuity\/","url_meta":{"origin":26077,"position":1},"title":"Pensions: FCA proposes protections for people planning to sell annuity","date":"April 21, 2016","format":false,"excerpt":"\r City regulator says some may risk running out of money in retirement, and others may not realise the true value of their plan People considering selling their annuity should be given risk warnings by the firms involved, under proposals set out by the City regulator. From April 2017 people\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22119,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-big-thank-you-to-george-osborne-from-the-pensioners-of-britain\/","url_meta":{"origin":26077,"position":2},"title":"A big thank you to George Osborne \u2013 from the pensioners of Britain","date":"August 6, 2016","format":false,"excerpt":"\r Annuities were compulsory until the then chancellor freed pensioners to do what they liked with their money. Today, the income from them is pitifulIt\u2019s not a line you\u2019re likely to see often in the Guardian, but thank you George Osborne for the towering achievement of your reign as chancellor:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-pensioners-income-growth-outstrips-wage-rises-figures-suggest\/","url_meta":{"origin":26077,"position":3},"title":"UK pensioners' income growth outstrips wage rises, figures suggest","date":"July 25, 2018","format":false,"excerpt":"\r Median disposable income of retired households increased by 1.4%, according to ONSBritain\u2019s pensioners enjoyed a faster rate of growth in their disposable incomes last year than working-age adults after guaranteed state pension increases outstripped wage rises, according to official estimates.The median disposable income for retired households increased by \u00a3300\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63138,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensioners-living-in-golden-era-as-income-rise-outstrips-workers\/","url_meta":{"origin":26077,"position":4},"title":"Pensioners living in golden era as income rise outstrips workers'","date":"August 8, 2017","format":false,"excerpt":"\r Gross household incomes for the retired nearly tripled between 1977 and 2016, but doubled for working households, says ONSPensioners enjoyed a golden era between 1977 and 2016, with official figures revealing that their incomes have nearly tripled in real terms, rising much faster than the incomes of working people.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vote-grabbing-gimmicks-put-pensions-at-risk-letters\/","url_meta":{"origin":26077,"position":5},"title":"Vote-grabbing gimmicks put pensions at risk | Letters","date":"June 7, 2019","format":false,"excerpt":"\r David Blake, Edmund Cannon and Ian Tonks criticise James Brokenshire\u2019s idea to let first-time buyers dip into pension funds for a deposit on a home, while Sue Ferns says we are still a long way off gender equality in pensionsWe view with deep misgivings the suggestion by James Brokenshire\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26077"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26077"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26077\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}