TITLE

AVCs still have major role to play

AUTHOR(S)
Ward, Jeremy
PUB. DATE
October 2008
SOURCE
Corporate Adviser;Oct2008, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article discusses the role of the additional voluntary contributions (AVCs) in Great Britain. It outlines various compelling reasons to use AVCs, despite the fact that it has never been an attractive option. It states that employees can now pay up to 100 percent of earnings in AVCs and receive full tax-relief on the payments, and people with significant savings, who object to buy an annuity with their AVC account, can purchase a drawdown product with their retirement pot.
ACCESSION #
35762001

 

Related Articles

  • Monthly Averaging In Index Annuities: Who Needs It And How To Sell It. Van Dalen, Gail; Berthlaume, Lance // National Underwriter / Life & Health Financial Services;10/4/2004, Vol. 108 Issue 37, p22 

    Focuses on equity-indexed annuities in the U.S. Benefits of the product; Suitability of investments; Benefit of averaging.

  • 1Q Fixed Annuity Sales Slide. Alexander, Jeremy // National Underwriter / Life & Health Financial Services;6/27/2005, Vol. 109 Issue 25, p8 

    Reports on the performance of fixed annuity sales in the U.S. as of the first quarter of 2005. Decline of all types of fixed annuities; Figures representing the increase of all product types accompanied by indexed annuities gain; Analysis of factors accounting for the decrease of fixed annuity...

  • Annuity Firms Shift Focus to Income. Sisk, Michael // Bank Investment Consultant;Nov2004, Vol. 12 Issue 11, p36 

    The article focuses on trends in the field of annuity business in the United States. Despite bad press about high fees and regulatory attacks on sales practices, variable annuity providers see continued opportunity for their product and increasing emphasis on retirement income. To shed a more...

  • Annuity/LTC Combos: Greater That Sum Of Parts. Hill, Timothy E. // National Underwriter / Life & Health Financial Services;2/6/2006, Vol. 110 Issue 5, p19 

    The article evaluates the current status of annuity or long term care insurance products. It also provides an analysis on how these products will evolve if H.R. 2830 is enacted. Currently annuities provide long term care benefits in three ways: (1) waiver of surrender charges; (2) enhancement of...

  • Betting on death and capital markets in retirement: a shortfall risk analysis of life annuities versus phased withdrawal plans. Dus, Ivica; Maurer, Raimond; Mitchell, Olivia S. // Financial Services Review;Fall2005, Vol. 14 Issue 3, p169 

    Retirees must draw down their accumulated assets in an orderly fashion, so as not to exhaust their funds too soon. We compared alternative phased withdrawal strategies to a life annuity benchmark using German data; one particular phased withdrawal rule seems attractive, as it offers relatively...

  • Annuities become popular retirement savings tool. Archer, Rick // Westchester County Business Journal;5/30/2005, Vol. 44 Issue 22, p16 

    Focuses on the comment of Paul Levis, president of Summit Financial Consulting in Yonkers, New York, about the importance of variable annuities as part of a retirement planning portfolio for people nearing retirement age. Benefits of variable annuities; Estimation of the National Association for...

  • Are longevity annuities for you?  // Consumer Reports Money Adviser;Apr2011, Vol. 8 Issue 4, p6 

    The article discusses longevity annuities that can be bought when a person retires, but don't begin making lifetime payments until the owner reaches 85. four insurance companies including MetLife offer lifetime annuities. The author describes how they work, who they are best-suited for, and...

  • The Suitability Requirement In The Sale And Regulation Of VAs. Cormier, Mary-Pat // National Underwriter / Life & Health Financial Services;10/4/2004, Vol. 108 Issue 37, p24 

    Focuses on the suitability requirement in the sale and regulation of variable annuities. Compliance contrasts; Use of variable annuities as retirement savings vehicle; Investor complaints; Deferred variable annuity.

  • Some Factors to Consider in Retirement Annuity Selection: Comment. Myers, Robert J. // Benefits Quarterly;1988 First Quarter, Vol. 4 Issue 1, p78 

    This article comments on Richard Corbett's note "Some Factors Consider in Retirement Annuity Selection," published in the Second Quarter 1987 issue of "Benefits Quarterly," which implies that joint and survivor annuities are disadvantageous options for retirees to select. In refutation, the...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics