Site Index
Annuity RatesWhether you’re fit and healthy, suffering from poor health, overweight or a smoker, we’ll find you a higher annuity income for your retirement.
Annuity OptionsYou can add various options to your annuity to tie in with your personal circumstances. Click here for details of the options that might apply to you.
Annuity TypesIt’s important that you select the right type of annuity for your requirements. Click here for details of the various annuities available.
What The FSA Say
Key regulatory messages regarding an annuity purchase
The FSA (Financial Services Authority) is an independent body set up by government to regulate the financial services industry and protect consumers. It states that the key messages for consumers are:
Explore your choices
Buying an annuity is an important step and you do have choices. These choices are crucial because they affect how well-off you might be in your retirement. There are product options as well as annuity options, and there are choices as to how you receive your annuity payments.
Shop around for the best deal
You should shop around for the best annuity rates before making any decisions. Contrary to popular understanding, you do not have to buy your annuity from the same insurance company you built your pension fund up with.
There are key questions which you need to think about to help you choose a suitable annuity from the various types available which meets your needs. Questions include:
Is the annuity just for you or do you have a spouse you want to provide for? Might you want a joint life annuity?
If you suffer from ill health, is a high initial income your priority? Might you be eligible for an enhanced annuity or an impaired life annuity?
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There are a few options to consider
Annuities are complicated and it is crucial you fully understand all the annuity types and annuity options. The FSA publish guidance to assist you, and they do offer a comprehensive website. Our annuity guide page might also help.
Buying an annuity is an extremely important financial decision and one that will affect how you live for the rest of your life. You owe it to yourself to try and ensure you end up with the right annuity and the right options. See annuities still preferred.
