No fee annuity market appraisal
We offer a no-fee annuity market review. We will search the
entire marketplace and get you the highest income possible for
your circumstances. In most instances we can get a better rate
than your existing pension provider, but if we can't offer you a
better annuity, then we'll tell you, but won't charge you a fee.
Thousands of people still don't use their right to shop around
for the best annuity rate available. As independent financial
advisers, we have access to the entire annuity market, and can
search out the best deal for you. The chances are we can get you
a bigger income, but in the unlikely event that we can't we'll
tell you.
No Obligation -
There is no obligation to take out the
annuity once we have researched the market for you, all we ask
is then you are genuinely looking at taking your retirement
benefits.
Existing
Provider Quotations
What is more, if you want us to, we
will even get quotes from your existing provider so that we can
make a true comparison to enable you to make an informed choice.
We will however need your written authority to enable your
pension company to provide us with quotations, but other than
that you do not even need to contact them.
Time Scales Involved
This depends on a number of factors,
mainly on how long it takes your existing pension company to
provide us with the information required. It may not just be
quotations we need, for some types of pensions we may need
information on the maximum benefits you are entitled to. This
could take a matter of days, or with some companies
it could be months.
Important Points
Fund Values -
Considering the length of time it can
take to arrange your annuity you need to consider where your
funds are invested. If your pension money is in a stock market
based fund, or any fund which can rise or fall quickly, then you
should think about moving your money from this type of fund to a
low risk one during the process.
Most companies offer some sort of cash
based fund within their fund range, and it is normally a case of
writing to them to ask them to move from one fund to another
(you keep the same product just the fund changes).
It would be disappointing to have
completed the paperwork expecting one level of income, and for
there to be a stock market crash whilst the process completes
and then find that the actual level of income is lower because
your fund has fallen in value because the stock market has gone
down.
Annuity Market -
This too is a market that can change
very quickly. All annuity companies only guarantee their rates
for a limited period, usually around two weeks. This means that
once you have decided which annuity you want then it is
necessary to complete the paperwork without delay.
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Annuities Explained