What's the industries liability to high GAR's ?

[Daytona]

"For example, guaranteed annuity rates as high as 15 per cent were
commonly offered with retirement annuity contracts, which were
replaced by personal pensions in 1988."

<URL:http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/11/cmsipp11.xml>

What's the industries liability to high GAR's ?

Did they have similar terms eg level, RPI, spouse, guarantee period ?

Any companies with higher than average exposure ?

Daytona

 

[Stickems.]

Most insurance companies have a high exposure. Most of their customers with
a GAR do not know it, especially those in company pension schemes where they
have not had access to the scheme rules. The insurance companies do not tell
their customers that they have a GAR and they will also not pay a joint life
pension at GAR rates even though the rules may demand it. The other terms
are similar.

| "For example, guaranteed annuity rates as high as 15 per cent were
| commonly offered with retirement annuity contracts, which were
| replaced by personal pensions in 1988."
|
|
<URL:http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/06/11/cmsipp11.xml>
|
| What's the industries liability to high GAR's ?
|
| Did they have similar terms eg level, RPI, spouse, guarantee period ?
|
| Any companies with higher than average exposure ?
|
| Daytona

 

[Daytona]

Most insurance companies have a high exposure.

What % of the total value ?

Most of their customers with
a GAR do not know it,

What % of the total value are claimed ?

Daytona

 

[Stickems.]

I don't know and wouldn't expect this data to be made available as it would
probably trigger an avalanche of complaints from swindled pensioners and
spouses of deceased pensioners and the beneficiaries of their estates.


| On Wed, 13 Jun 2007 17:43:41 GMT, "Stickems." <[email protected]>
| wrote:
|
| >Most insurance companies have a high exposure.
|
| What % of the total value ?
|
| >Most of their customers with
| >a GAR do not know it,
|
| What % of the total value are claimed ?
|
| Daytona