The Difference Between The Best And Worst Pension Incomes Can Be Very Surprising
1 - Do not Fail to Claim What's Rightfully Yours
Ensure you recognise the best advice when you get it
Understanding pension annuities and the Open Market Option
Many retirees fail to exercise their right to choose their annuity using the open market option. We aim to ensure that you do not fall into the same trap.
2 - The Open Market Option for Buying Annuities
Why the open market option is good for you
Why you HAVE to compare annuities
Under the UK Government "Open Market Option" initiative, 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 annual income if you shop around.
1000s of people retire each week in the UK, but many of them still don't use their Open Market Option because they either don't realise they can or are simply unaware of the benefits of doing so.
Due to this lack of "insider" knowledge, The Association of British Insurers (ABI) now works with the retirement industry to educate consumers about their options. The main aim of the ABI's initiative is to help you achieve better annuity returns than those offered from your current pension provider. You should make sure that you exercise this advantage, the right to choose the best annuity scheme.
Make sure you use the Open Market Option
Compare the top annuity providers
When your pension fund reaches maturity, your pension provider will advise you of the fund value, and give you general information about annuities and the level of annuity income you would receive.
You are then allowed to transfer the fund value to another annuity provider of your choice as a higher annuity income may be available from a different provider.
The difference between the best and worst annuity incomes can be surprising. There are a wide range of options which can be selected when choosing an annuity scheme, so it is very important that you receive good advice.
Exercise your right to choose your annuity provider
Compare the Options
The quick contact form below will put you in touch with your own personal annuity consultant whose aim it will be to advise you which annuity or annuity alternative is best for you. Not only will they explain why a particular scheme may suit you best, but you will also discover how to maximise your income. A home visit isn't necessary.
You will then be able to compare top annuity companies to help you choose which one's the best for you. It's really very simple.
Take action now and uncover the differences
Receive a FREE Annuities Comparison Quote
Please complete the free no-obligation Open Market Option enquiry form and see the surprising differences between one annuity and another.
There is no charge for us investigating your policy and you are under no obligation to follow any recommendations that are made.
By using an adviser's service you'll get advice that's paid for by the annuity provider. You will not have to pay them a fee as your broker will receive a commission payment direct from the recommended annuity provider. Your adviser's costs are already factored into the income that you are offered by the annuity provider. Commission is paid, but this can be refunded should you wish to pay via a fee.
GET FULLY CONFIDENTIAL OPEN MARKET OPTION ANNUITY COMPARISON QUOTES WITH NO OBLIGATION