She bought a deferred annuity at 63, and now at 68 she wants her $200,000 back, but the surrender schedule says she owes thousands. Two pages buried in her contract could change what she actually pays. For one woman, taking out the $200,000 she…
AIICO Insurance Plc paid N68.1bn in claims and benefits in 2025 and currently provides regular retirement income to more than 28,000 annuitants across Nigeria, underscoring its role in supporting retirees after their working years. The insurer disclosed this at its 2026 Annuitants Forum, where…
With an annuity, you make an upfront payment in return for regular payments in the future. Annuities pay out in a way that is similar to other well-known retirement vehicles like pensions and Social Security. An annuity is typically part…
At its 2026 Annuitants Forum, AIICO Insurance Plc reaffirmed its commitment to helping retirees navigate this phase with greater confidence, disclosing that it currently provides retirement income to over 28,000 annuitants across Nigeria and paid out a total of ₦68.1 billion in claims…
A company collapse can wipe out jobs, severance, and savings, but one federal guarantee was designed specifically to keep pension checks flowing even after the employer disappears entirely. Whether it actually covers your full benefit depends on a few factors…
Retired from a government job, or close to it? Then somebody in your lane has surely said, “You’ve got a pension for life, why buy an annuity?" And honestly, a fixed credit landing in your account every month does feel…
Professional Pensions: Stories of the week PP launches UK Pensions Awards 2027 Deputy Editor at Professional Pensions Biffa Pension Scheme completes £275m buy-in with Standard Life Private markets not a policy lever but an investment programme to be governed Tax relief changes,…
ANNUITIES offer better value than they have for years, as higher interest rates and gilt yields continue to drive up the income they pay pensioners. Latest figures from Hargreaves Lansdown suggest that a 65-year-old with a £100,000 pension could get up…
Financial firms are seeing a surge of interest in fixed-term annuities The sale of retirement annuities has risen sharply in recent years, as more people are looking for a way to bridge the gap between finishing work and receiving their…
Your company pension calculates a lump sum using interest rates from a single calendar month it may have chosen years ago, and shifting your retirement date by just a few months can swing that check by six figures before taxes…
Immediate and deferred income annuities that turn savings into a paycheck for life.
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