Just Retirement Share Discussion Threads

[rathlindri] 01/1/2015 18:06

JRG tipped in the Telegraph Sunday 28/12/14, possible take over target?

[scrapheap] 20/12/2014 11:10

I have to say I'm a little surprised that recovery funds like M&G Recovery perhaps haven't seemingly picked up either PA or JRG.

Surely these sorts of themes would have been exactly their 'scene' - unless I suppose they are bearish and see no recovery!!!

[poppabear4u] 12/12/2014 08:21

JR mentioned in BBC business article. http://m.bbc.co.uk/news/business-30427112Annuities dead? I don't think so.

[scrapheap] 11/12/2014 19:18

email from JR this evening confirming what I expected, says it's only for advisers so I can't safely copy and paste but bottom line they are pleased with the FCA reports!

[scrapheap] 11/12/2014 12:27

Would expect JR and/or PA. to pick out a few positives from today's FCA report.

[scrapheap] 04/12/2014 08:06

So Mr. Client,

You have £100k, well take the £25k out tax free but if you take any more out it's taxable.

However if you by this annuity for life it will pay you £3,750pa for the rest of your life and if you put your wife on to 100% spouse, as long as one of you is breathing you get that income for life AND if you die before the age of 75, Mr. Client your wife will receive that £3,750pa tax free.

OR

Let's take stockmarket risk and see if we can do better.


Annuities dead, I'm ever more certain they are not.

[scrapheap] 03/12/2014 14:02

Annuities continue to fight back...

“I can also tell the House today that we will ensure that people who die before the age of 75 with a joint life or guaranteed term annuity will be able to pass that on tax-free too.”

The Autumn Statement text confirms the tax cut only applies to annuity payments taken after April 2015.

At September’s Tory party conference the Chancellor announced pensions held in drawdown accounts and some type of annuity would be exempt from the pensions “death tax” if the member dies before the age of 75.

If the member dies after 75, the remaining pension is taxed at the beneficiary’s marginal rate of income tax or 45 per cent if taken as a lump sum.

But conventional annuities were not included in the original announcement, leading commentators to argue the Government was favouring drawdown over annuities through tax treatment.

Today’s announcement brings the retirement products back into line.

[scrapheap] 27/11/2014 17:39

Osborne offers branch to annuity industry

[scrapheap] 22/11/2014 10:51

Aviva buying Friends Life... wonder if other corporate activity might kick off in the sector, sometimes happens!

[scrapheap] 10/11/2014 20:47

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“Whilst there remains uncertainty over the future level of demand for longevity products, trading at a 34 per cent discount to embedded value in our view incorrectly assumes that there is no value in the business going forward,” said Barrie Cornes, insurance analyst at Panmure Gordon. “We believe that this has created an excellent buying opportunity for those investors able to take a 12 to 18-month view.”

[scrapheap] 10/11/2014 16:46

Things are definitely on the up....

2 more trading updates to go and then we're in to very easy comparables too which will I'm 100% confident will be readily beaten in 15/15.

[scrapheap] 04/11/2014 12:18

Another positive view:

We will therefore see the market for equity release boom and the market for annuities come back to something of the order of the level before the Chancellor stood up to declare his radical plan for pensions; a plan which has been widely acknowledged as masterful from a macro-economic, fiscal and political perspective, but a plan which is most unlikely to better prepare people for their retirement over the next few decades.

[scrapheap] 04/11/2014 09:06

The death benefit change to value protection on purchasing a lifetime annuity is massive in my view.

You can buy the income for life certainty AND if you die young then the lump sum you paid the insurer, less the income you personally received before death, can be paid out to your beneficiaries either tax free or at the marginal rate of income tax depending on whether you die pre or post 75... no investment risk.

I think this was the thrust of the recent DB upgrade and buy recommendation.

[scrapheap] 04/11/2014 09:02

Same story, different journal... key highlights...

"Sales of annuities may have “bottomed out” from the impact of March’s Budget reforms despite annuity rates hitting 12 months lows, figures for September show.

According to Iress’s quarterly report on at retirement products sold through advisers, there were 10.5 per cent more single-life annuities sold in September than in August, with sales increasing by 14 per cent since June."

and

"The report also predicts a boom in the number of value protected annuity products on offer from the industry following the changes to the pensions ‘death tax’ announced in September.

Money Marketing revealed how this type of annuity – where savers purchase a ‘cash back’ guarantee – would also benefit from the cut to the tax due on crystallised pension savings."

[scrapheap] 03/11/2014 16:18

Well that hope didn't last long...

[scrapheap] 25/10/2014 10:16

I'm hoping we've hit bottom and the recovery has started... trading update in a few weeks I believe isn't there?

[poppabear4u] 25/10/2014 09:49

Another purchase by a NED. JR's directors seem to have a lot more confidence in their company than PA's.

[18bt] 16/10/2014 16:11

This makes a lot of sense: hxxp://www.ftadviser.com/2014/10/15/pensions/annuities/why-annuities-are-still-relevant-KWWzUmjBYg91LvP4zRlWnI/article-1.html

[18bt] 14/10/2014 16:25

Tom McPhail worth listening to at hxxp://t.co/af7YCFnGqR roughly 10 mins in.

[18bt] 14/10/2014 07:58

Nice update this morning. Countering no doubt negative sentiment caused by the Treasury re-hasing an announcement it has already made.

[scrapheap] 08/10/2014 17:03

The change in death tax rules being made applicable to annuities as well as drawdown really is a big win for the specialist annuity market - you can choose value protection on your annuity so if you die young, a lump sum can be paid to the nominated beneficiary under the new tax rules, whilst if you die old you've have the certainty of an income for life that an annuity provides (but no lump sum to leave being the 'cost')...

It's passing the longevity risk on and knowing you've got income for life but still keeping open the potential for an inheritance for beneficiaries if you don't live long...

all without investment risk...

I see that as an exciting proposition for people as they retire...