13 August 2010
Research carried out by Virgin Money reveals that delays in
buying a pension from pension savings can cost a pensioner up to
£127 a week, with predicted losses even higher if pensioners
miss out on the best annuity rates because of annuity rate
volatility.
Despite the success of the pensions industry's initiatives to
speed up the annuity transfer process, according to Virgin Money,
pensioners can still lose out.
For the full Virgin Money summary, click here.
