I have received a letter from my pension firm regarding my lifestyle fund, asking me to check my plan and to consider whether I still intend to buy an annuity. I am due to claim my state pension in November 2024 and have never stated I intend to take an annuity. My fund is only … Read more
John and Chrissie Wade: ‘We still feel that we and Mum in particular have been very badly treated by Aviva’ A Devon couple have won a year-long battle with Aviva after it cut off a frail 96-year-old woman’s £100 a month annuity payments. Ellen Wade’s son and daughter-in-law got embroiled in a bizarre misunderstanding over her … Read more
Pensioners are urging insurers to help them through the virus crisis by giving them a lump sum rather than paltry drawn-out annuity payments. Money Mail has long campaigned for pensioners trapped with small annuities to be allowed to take a more meaning- ful amount. Alan Fowler, 72, has an annuity from Legal & General (L&G) … Read more