(n.) A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.
Example Sentences:
(1) The ABI figures revealed that the best annuity for someone who is a heavy smoker and has severely impaired health was at Prudential, which paid out 46% more than the worst, from Friends Life.
(2) Annuities have suffered their worst year on record, with payouts to newly retiring pensioners falling by 15% so far during 2016, according to data provider Moneyfacts.
(3) Only last month the Financial Conduct Authority issued a report in which it said millions of older people were getting a poor deal from Britain's multibillion-pound annuity market, with the biggest losers those with the least money put aside for their retirement.
(4) However, to buy an annual pension income of £1,300 via a traditional annuity that also provided an income for your spouse after you die, you would need a pension pot of roughly £25,000.
(5) Annuity rates so low that a pension pot running into the seven figures is required to deliver any kind of decent pension.
(6) People who prefer to buy an annuity could opt for a "value protected annuity": in return for an extra cost, typically 5% of the income, the policyholder can arrange for any residual money left over when they die to be paid to their beneficiaries.
(7) He adds: "The problem with the chancellor's decision is very simple: all the evidence indicates very few people will opt to buy an annuity under the new rules – and the assumption of 30% taking this route deployed by the Treasury in its costings appears highly optimistic.
(8) The insurers pay an annuity (a guaranteed annual income in retirement) of £839 a year on a savings pot of £18,000, compared to £1,099 at the best payer, Reliance Mutual.
(9) On average, women take out annuities at the age of 59, marginally earlier than men at 62, but both do so significantly sooner than they have to by law.
(10) If the recession results in interest rates remaining low for years, as many in the City are now predicting, then annuity rates will also remain at paltry levels.
(11) Figures from pensions provider Hargreaves Lansdown show annuity rates have plummeted since July 2008.
(12) Table Photograph: asdf In recent years annuity providers have begun offering better payouts to those people they think will die relatively early.
(13) The group sold its US life and annuity business last year for £1.7bn , as well as many other smaller overseas operations, to strengthen its balance sheet.
(14) The Association of British Insurers is believed to be on the verge of approving a new mandatory code of conduct for pension companies that sell pension income – also known as annuities – ensuring people will get the highest possible income in return for their pension pot.
(15) "Annuities may well be broken, but the answer is not to end responsible collective risk-sharing.
(16) By forcing long-term interest rates down and inflation up, QE1 has already increased pension fund liabilities by an estimated £74bn , while driving annuity costs to record levels.
(17) The chancellor said: “For many an annuity is the right product, but for some it makes sense to access their annuity now.
(18) Do not simply accept the annuity offered by your pension provider – shop around for the highest rate possible.
(19) The thinktank also suggests removing the option of taking out 25% of your pension fund as a tax free lump; instead investors would get a 5% top up to their pension pot just before they use the money to buy an annuity.
(20) It will also end the rules requiring compulsory annuitisation (having to buy an annuity with your pension) at 75.
Gale
Definition:
(n.) A strong current of air; a wind between a stiff breeze and a hurricane. The most violent gales are called tempests.
(n.) A moderate current of air; a breeze.
(n.) A state of excitement, passion, or hilarity.
(v. i.) To sale, or sail fast.
(n.) A song or story.
(v. i.) To sing.
(n.) A plant of the genus Myrica, growing in wet places, and strongly resembling the bayberry. The sweet gale (Myrica Gale) is found both in Europe and in America.
(n.) The payment of a rent or annuity.
Example Sentences:
(1) Emergency teams are still working to reconnect 10,000 households in northern England which lost power in blizzards and gales, after all-night repairs on collapsed cables which left 80,000 cut off.
(2) This galE deletion was recombined into the chromosomal gal operons of S. typhimurium and Salmonella typhi Ty2.
(3) Large parts of the UK have been battered with a second wave of 100mph-plus gales inside 48 hours, causing serious road and rail disruption as the wind toppled a large number of trees.
(4) "The party's response has been absolutely extraordinary," Gale said.
(5) • A Perfectly Good Man by Patrick Gale is published this month by Fourth Estate.
(6) Nerdy Gales (@NerdyGales) The size of the crowd seems to be inducing the #USMNT to play like it's a scrimmage #USAvUKR @KidWeil March 5, 2014 It’s an eerie atmosphere for sure, but there are so many US players on the field who must know they are long shots for the World Cup squad and that this may be their best, if not final chance to get to Brazil.
(7) galE mutants were isolated from three mouse-virulent strains of Salmonella choleraesuis (of group C1, O antigen 6,7) by selection for resistance to 2-deoxygalactose.
(8) These mutants had a galE phenotype, as evidenced by galactose sensitivity, altered LPS when grown in the absence of exogenous galactose, and reduced virulence in infant rats.
(9) When the justice secretary took to the airwaves yesterday , his purpose was more serious – to blow a gale through a generation of failed thinking on prisons, a failure that started the moment Clarke last lost control of penal policy.
(10) Sir Roger Gale, Conservative MP for North Thanet in Kent, whose constituents include Hermitage and Middleton, has lobbied successive Foreign Office ministers for Africa over the years and is incensed that the British government is encouraging British companies to invest in Tanzania despite what happened at Silverdale.
(11) GALE runs on a PC-compatible computer with selected Pioneer LaserDisc players.
(12) The vehicle has been trundling around the large Gale crater looking for evidence that Mars was habitable in the ancient past.
(13) Vaccination with viable cells of an avirulent Salmonella typhimurium galE mutant provides mice with solid specific immunity against subsequent infection with a virulent smooth strain.
(14) The Port of Dover said the weather also brought gale force winds on the Channel while Sunderland's clash with Reading in Wearside was called off due to a waterlogged pitch.
(15) In claims fiercely denied by the party, Gale warns Farage: "There is a core faction associated with the party that is being used as a 'Black Ops' dirty tricks team against targets that include party members."
(16) The seed for the story came after Gale saw his father's photo in an old high school yearbook and wondered if they would have been friends had they been contemporaries.
(17) The unsettled weather looks set to continue throughout this week and into the weekend when strong to gale force southwesterly winds will bring spells of heavy rain across the UK at times, according to the Met Office.
(18) Two men were swept out to sea at Brighton beach in gale-force conditions, while two teenagers remained in hospital after the car they were travelling in collided with a gritter truck in South Ayrshire.
(19) States of emergency have been declared in numerous regions in the North Island, after rivers burst their banks following two days of heavy rain and gale-force winds.
(20) Through Connolly, he met George Orwell and Arthur Koestler , who became regular contributors; in later years, he appointed Eric Newby as the travel editor, persuaded Alan Ross to write on cricket and employed Gavin Young and the brilliant but deeply troubled John Gale, whose Clean Young Englishman is one of the finest English autobiographies.