Category Archives: Open market option
28
2008
Annuities offer the benefits people want from a retirement income: “simplicity”, “security”, “a guaranteed income level” and “little or no risk”. Yet there remains some opposition to buying an annuity. People argue that annuities are poor value for money or …
28
2008
The Government is committed to encouraging and supporting people to make pension savings to buy a pension annuity. Generous tax reliefs are given on pension contributions and investment returns. In exchange, pension savings must ultimately be used to provide a …
27
2008
With the annuities market now growing year on year, and with pensions being more important than ever, the Financial Services Authority (FSA) is investigating the annuity market place and the insurance companies involved. Concerns are that insurers are not doing …
27
2008
Getting the right annuity is crucial, because there is an awful lot to be lost by taking the wrong pension annuity at retirement. Failing to shop around and exercise the Open Market Option to purchase an enhanced annuity with the …
26
2008
The UK annuities market has tripled in size in the last 15 years. It is the largest market in the world with nearly 300,000 new annuity contracts written in 2005 and premiums totalling around £8 billion. It is at the forefront …
25
2008
Good news for those pension annuity planners who end up taking their annuity from LV=. They have made a promise…to pay all pension annuity planners their tax-free cash within five working days of receiving all funds and/or documentation or pay …
25
2008
It would appear that pension annuities will start to be provided on much more of an individual basis…like underwriting life insurance. This should lead to more competitive annuity quotes and be better for the retiree. As an example, Norwich Union is …
24
2008
Should you choose to transact your pension annuity via this website we’ll ensure a smooth transfer of your pension fund to the new annuity provider. Once we have searched the market for you, we will send you a report detailing …
23
2008
Why choose us to handle your all important search for the best pension annuity quote? Because we offer a first class service. The service offered by this website is provided by Bank of Scotland Annuity Service and is backed by the …
21
2008
Here we highlight your choice of annuities: First, you have single-level annuities. These are the simplest type of annuity. They pay out exactly the same amount to an individual (the “annuitant”) every month until the annuitant dies. Guaranteed annuities pay out …
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