Every month I write a column for Money Marketing with my popular annuity charts and market data.
William Burrows in the media
I write extensively about retirement income matters and am often quoted in the national press and sometimes appear on the radio or TV.
See my contributions and quotes in the national press and BBC
Blow for pensioners as bond market rally hits annuities
Since the beginning of the year, annuity rates — what is offered by insurers to turn a pot of pension cash into a secure retirement income — have fallen by 15 per cent. This means pensioners are getting a lot less from their savings.In practical terms, a £100,000 pension pot now buys a 65-year-old a yearly income of £4,654 or £759 less than at the start of the year
Annuity commission; The silent killer
Sam Brodbeck personal finance editor Telegraph- 21 Aug 2019
The silent killer taking £2,713 from your £100k pension
Annuity rates have been lousy for years. The pitiful income they pay are one of the reasons the Coalition government scrapped the effective compulsion to buy them, back in 2015, with the launch of "pension freedoms". Boris Johnson’s pledge to leave the European Union on 31 October “do or die” pushed the yield on government bonds – used to price annuities – to new lows. But sky-high commission more akin to the door-to-door salesmen of the Eighties are cutting pensioners’ take-home pay even further.
Annuity rates 'could hit rock bottom' as gilt yields plunge
18 August 2019 by Adam Williams in the Telegraph
Pensioners who take out an annuity are earning thousands of pounds a year less than previous retirees following a dramatic shift in interest rates in recent weeks.
It's not rock 'n' roll
By Lee Boyce for Thisismoney.co.uk - 6 June 2019
It's not rock 'n' roll, but you should engage with your pension pot, says LEE BOYCE - otherwise, you could face a far poorer retirement
One expert, William Burrows, retirement director at Better Retirement, told FT Adviser that it's 'vitally important people take an interest where their pensions are invested…there is a lot at stake.'
Sam Brodbeck writes in the Sunday Telegraph -29th October 2017
All things point to a rise in the Bank Rate – and savings and annuity rates are already creeping up in anticipation. Anyone who wants to buy an annuity, an insurance contract that pays an income for life, with their pension pot will be desperate to avoid “buyers’ remorse”: buying now and then regretting it if rates improve
The Actuary 04 APRIL 2013 | BILLY BURROWS
Billy Burrows offers an adviser’s perspective on the value of enhanced annuities for customers and examines what the future holds
BBC Money Talk By Billy Burrows 9 February 2012- Better Retirement Group, annuity specialists
Savers left short-changed and bewildered by unfair annuities system".
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If you want to make the most of pension freedoms you should start planning ahead and make sure your financial affairs are in good shape in the years running up to retirement.William Burrows
Offices in London and Northampton
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