| In line with this, many annuitants and prospective pensioners have been receiving smaller pensions or annuities than what they were originally quoted. |
| When annuitants die, the income dies with them, and the life company that offers the annuity retains any surplus from the lump sum investment. |
| Care should be taken, as Equitable with-profits annuitants have been badly hit by the crisis there. |
| Most annuitants choose to receive monthly payments for the rest of their life and their spouse's life. |
| With-profit annuitants are to see their pensions cut by up to a third and the society's financial position has deteriorated to a point where it is barely solvent. |
| Another element of the Bill is that it facilitates the enhanced collection powers of the Department, making it more difficult for annuitants to fall into debt. |
