MarketWatch  Dec 12  Comment 
Some retirement experts say annuities should be included in retirement options, but income products are a relative rarity in 401(k) and other defined-contribution plans.  Dec 11  Comment 
City watchdog says poor sales practices are costing pensioners thousands of pound every year Many pensioners are missing out on thousands of pounds of year in income because they are being sold poor value annuities that don’t best meet their...
Mondo Visione  Dec 11  Comment 
The Financial Conduct Authority (FCA) has today published the findings of its thematic review into annuity sales practices and the interim findings of a market study into retirement income. In February 2014 the FCA found that the annuities...
Reuters  Dec 8  Comment 
Partnership Assurance Group on Monday said it had agreed a 206 million pound ($320.52 million) medically underwritten bulk annuity transaction with a pension scheme, the largest...
Forbes  Dec 1  Comment 
Anything that sounds too good to be true is.
Financial Times  Nov 27  Comment 
George Osborne likely to bring payments in line with ‘death tax’ shake-up
Financial Times  Nov 10  Comment 
Group increases defined benefit sales in wake of budget changes
The Hindu Business Line  Nov 9  Comment 
They have no exit route, so do the groundwork before signing up for an annuity policy


A financial product sold by financial institutions that is designed to accept and grow funds from an individual and then, upon annuitization, pay out a stream of payments to the individual at a later point in time. Annuities are primarily used as a means of securing a steady cash flow for an individual during their retirement years.

Annuities can be structured according to a wide array of details and factors, such as the duration of time that payments from the annuity can be guaranteed to continue. Annuities can be created so that, upon annuitization, payments will continue so long as either the annuitant or their spouse is alive. Alternatively, annuities can be structured to pay out funds for a fixed amount of time, such as 20 years, regardless of how long the annuitant lives.

Annuities can be structured to provide fixed periodic payments to the annuitant or variable payments. The intent of variable annuities is to allow the annuitant to receive greater payments if investments of the annuity fund do well and smaller payments if its investments do poorly. This provides for a less stable cash flow than a fixed annuity, but allows the annuitant to reap the benefits of strong returns from their fund's investments.

The different ways in which annuities can be structured provide individuals seeking annuities the flexibility to construct an annuity contract that will best meet their needs.

All annuities have a free look period, a death benefit, guarantees, and annuitization options. Most have surrender periods.

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