These "bowling bumper" annuities limit losses but also cap gains, with surrender charges up to 8% for early withdrawals.

Experts reveal middle-class retirees' biggest fears—outliving savings (43%), healthcare costs, market crashes and emergencies ...

Imagine this. You’re using your own retirement money — money you’ve already worked a lifetime to save — to pay for long-term ...

Twice a week, our CEO and resident money guru Jean Chatzky tackles your burning questions in the HerMoney newsletter. We’ve ...

Pension annuity sales increased by a quarter (24 per cent) last year to reach a 10-year peak of 89,600, numbers from the Association of British Insurers show.

In a recent policy forum, industry experts offered their take on what’s hot in investments that will grow retirement plans and increase retirement income, as well as how the resulting revenue is being ...

The National Treasury emphasised that the two-pot system aims to balance short-term relief with long-term retirement security. Allowing multiple withdrawals could undermine this goal by depleting ...

In 2024, 68% of plans offered installments and 43% allowed ad hoc withdrawals - both sharp increases over the last decade.

The report, “Closing the Guarantee Gap,” warned that the shift from traditional pensions to DC plans has left millions of ...

Naheem Essop from the OPFA sheds light on the two-pot retirement system’s limitations, including withdrawal rules and the ...

Retirement can be daunting enough without having to worry about managing money in a completely new way. With the "Pay Yourself” rule of retirement, you don’t have to skip a beat. It lets you automate ...

The situation: You want to use cash in your retirement savings to buy a fixed annuity. Your worry: interest rates are low right now. Fair enough: when interest rates fall, so do crediting rates on ...