Open Annuities

Open Market Option Comparisons for Pension Income

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The Difference Between The Best And Worst Pension Incomes Can Be Very Surprising

Aegon Annuities Aviva Annuities Axa Annuities Canada Life Annuities Hodge Annuities Just Retirement Annuities Legal and General Annuities LV Annuities
MGM Annuities Novia Annuities Old Mutual Annuities Partnership Annuities Phoenix Annuities Pru Annuities Royal London Annuities Zurich Annuities annuities

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Looking for an alternative to an annuity? Visit Annuity Answers.

1 - Do Not Fail to Claim What is Rightfully Yours

Many retirees ignore a much bigger income

Understanding pension annuities

Many retirees fail to exercise their right to choose their annuity using the open market option (more about the open market option below). We help ensure that you don't fall into the same trap.

But first, what is a pension annuity?

An annuity is an arrangement where you make a lump sum investment and, from this investment, you receive a guaranteed level of income. Most annuities are bought using funds held in pension schemes. An annuity is payable for the rest of your life, although it's possible to select a fixed period if purchasing an annuity with cash rather than pension funds.

2 - Enhanced Annuities / Impaired Annuities

It's estimated that 60% of people could qualify for an enhanced annuity

Understanding enhanced annuities

You could be eligible for an enhanced annuity if:

  1. You smoke
  2. You have ever taken prescription medicine
  3. You have ever been hospitalised for a medical condition
  4. If you are in advanced years

So if you're of advanced age, a smoker or are in poor health (or have been in poor health), you may be able to increase your pension income.

3 - The Open Market Option for Buying Annuities

Why the open market option is good for you

Why you HAVE to compare pension annuities

Under the government initiative called the 'Open Market Option' you can transfer your pension fund to any annuity provider, not just your current pension fund provider.

Figures show that you can make a SIGNIFICANT difference to your yearly income if you shop around.

Thousands of people retire every week in the UK. Many of them still don't use the Open Market Option because they either do not realise they can or are simply unaware of the benefits of doing so.

You should ensure that you exercise this advantage, the right to choose the best annuity scheme.

4 - Take Advantage of a Higher Annuity Income

Make sure you make the correct choice

Compare the top pension annuity providers

When your pension fund reaches maturity, your pension provider will advise you of the fund value, and general information about annuities and the level of annuity income you would receive.

You're then allowed to transfer the fund value to another annuity provider of your choice. A higher annuity income may be available from a different provider.

The difference between the best and worst annuity incomes can be very surprising. There are a wide range of options which can be selected when choosing an annuity scheme, it is wise to compare products from the whole of the market.

5 - Compare and Choose Annuities

Exercise your right to choose

Compare the Options

The quick contact form below will put you in touch with a retirement options specialist (not a call centre) a home visit isn't necessary.

You will then be able to compare top annuity companies to help you choose which one is the best for you. It really is very simple.

6 - Make Contact

Take action now and uncover the differences

Receive a FREE Pension Annuities Comparison Quote

Please complete the free no-obligation enquiry form and see the surprising differences between one annuity and another. Remember your enquiry is free.

There's no charge for us investigating your policy and you're under no obligation to follow any recommendations that are made.

Your annuity specialist is registered with the Financial Conduct Authority (FCA).

We will:
1. Search the whole of the market for you so you are more able to make a decision
2. Check if you are eligible for an enhanced annuity that could increase your income
3. Give you access to more flexible options including fixed term annuities and income drawdown, should you wish

Your privacy is important to us, we have a strict confidentiality policy and do not share your contact details.

Ask us a question (optional)
Fund before tax free cash taken. Please enter pounds only, no pence. Visit Annuity Answers if your fund is under £25,000. (Need help?) Pension fund offered before tax taken

Please complete the approximate total pension fund before tax free cash in the box on the right (pounds only please, no pence).

This is the fund amount to provide the annuity before your tax free sum is taken.

Please give an approximation if unsure, it won't be any problem changing the amount at a later date.
Pension company
Annuity type required
Do you smoke?
If so, number per day?
Date of birth
Retirement date
When are you looking to buy an annuity?
Health conditions? (If so, you may receive higher income)
Phone number
Work phone number
Mobile phone number
Email address (to send comparisons)
Single or joint annuity?
Date of birth of spouse/partner
Gender of spouse/partner
Do they smoke?
If so, number per day?
Spouse/partner health conditions?
Any comments?
Get independent annuity comparisons directly from an FCA registered adviser now...