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Annuity Rates

When you buy an annuity to provide you with your retirement income, it's important you get the best annuity rates for your particular circumstances. Annuity rates are based mainly on your state of health, your lifestyle, where you live, and your choice of annuity provider, and rates do vary greatly.

If you suffer from certain medical or lifestyle conditions you could get significantly more income. If you've more than one pension plan it's best to consolidate them to get the best deal. We'll help you find the best annuity rates available by comparing annuity quotes from all companies.

Annuity

You could receive up to 20% more retirement income if you're considered to be in good health.

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Enhanced Annuity

You could receive up to 40% more retirement income if you have certain medical or lifestyle conditions.

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Retirement Options

There are numerous alternatives to buying an annuity which can offer you a more flexible approach to retirement.

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Annuity News

May
18
2012
With annuity rates low when should you buy annuities

With annuity rates at record low levels and life expectancy increasing, Andrew Tully, of MGM Advantage, leading enhanced annuity rates providers, looks at the various solutions you might wish to consider. Knowing what might lie around the corner could make some of our big …

May
17
2012
Uncertainty keeps annuity rates steady

According to Gemma Goodman, head of Alexander Forbes’ the Annuity Bureau, the current uncertainty in the world markets is helping to keep annuity rates steady this month. She stated that the only annuity provider to move rates this month was Aviva – they dropped rates for regular …

May
17
2012
Pru can’t keep up with enhanced annuity quotes

Prudential is under fire as delays hit enhanced annuity quotes. It has admitted it is failing to keep up with the increasing volume of inquiries for enhanced annuity plans following a recent complaint by an independent financial adviser (IFA). Peter Davies, of Cardiff-based Create Wealth, …

May
17
2012
More about QE and annuity rates

The Bank of England’s (BoE) ongoing £325bn quantitative easing (called QE) programme has been blamed for lowering pension annuity rates, by forcing down gilt yields which are directly linked to annuities and how they are priced. Pension Corporation (PC) has estimated that …

May
16
2012
Record low annuity rates mean it’s crucial to get best rates

Record low annuity rates mean that it’s crucial to compare providers to get the best rates. Thousands of people nearing their retirement that have been saving their money in a defined contribution money purchase pension scheme will actually be worse off than their …

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Pension Annuities

When you arrange your retirement income, you have various choices and some important decisions to make. There are different types of pension annuities to consider depending on your circumstances. If you suffer from certain medical or lifestyle conditions you could get significantly more income in your retirement.

We can guide you through your various options and help you make the right decisions. We’ll help you choose the right pension annuity and we’ll find you the best annuity rates available by comparing annuity rates from all companies. Should flexibility in your retirement be important to you there are various pension annuities and other alternative retirement options available to you.

Best Annuity Rates

If you do decide to buy an annuity to provide you with your retirement income it’s important you get the best annuity rates, as this can make a tremendous difference to the amount of income you receive. There can be a significant difference in the rates available to you, and we can get you the best annuity rates from across the market.

It’s unlikely you’ll get the best annuity rates from your existing pension provider. You’ll be better off by using your open market option and shopping around for a better deal elsewhere.

Annuities

Annuities, or, to be more precise, lifetime annuities, pay a guaranteed regular income for life. Annuities are provided by insurance companies, in return for a lump sum, typically from your pension fund. Many people buy lifetime annuities to provide them with their retirement income, because they offers both security and peace of mind – you know you’re going to receive a guaranteed income for the rest of your life.

If you buy a lifetime annuity you can’t change your mind and alter it once it’s been set up – you’re stuck with it for life. Other types of annuities and other products do offer you more choice and greater flexibility.

Annuity Providers

There aren’t that many annuity providers in the market offering competitive annuity rates. Most are household name insurance companies, but there are also a few smaller companies who tend to specialise in the enhanced annuity market, competing for your business if you have certain medical or lifestyle conditions.

We’ll compare rates from all these annuity providers to find you the best deal, and there’s every chance we’ll get you a higher retirement income than you’ll get from your current pension provider.

Pension Annuity

A pension annuity is effectively an arrangement to provide you with an income when you are no longer earning a regular income from your employment.

When you’re researching your pension annuity requirements and arranging your retirement income you’re having to make what is one of the most important financial decisions of your life, and you do have choices. Whatever decisions you make, you need to get it right. Your decisions not only effect your pension income in retirement, but also your lifestyle, so it’s important you’re in a position to make the right decisions. A pension annuity might be the right product for you, or you could be better off with a more flexible product.

Annuity Quotes

Any annuity quotes, or other types of quotes, you request from us are free and you’re under no obligation to take up our recommendations. Because we’re in a position to offer you independent financial advice we can compare annuity quotes for you from all leading companies to find you the best deal.

It’s important you take advice from people who have the expertise and the experience to help you make the right decisions. Our aim is to help you maximise your pension and help you understand the benefits of the various products available, and how they can meet your particular requirements.

To discover just how much retirement income you might be entitled to, call us free on 0800 0124 374, or enquire online.