Although we are still witnessing a recession and stockmarkets around the world have yet to recover, we are certainly seeing an increase in the number of enquiries coming through this website. Now, whether this is because people feel they can’t put off buying their annuity any longer, or whether there is some other reason, I am not sure.
Whatever the reason, the rules are still the same. You should shop around, through a website such as this, for the best annuity rates for your circumstances. And you certainly shouldn’t just accept what is offered to you by your existing pension provider. There is such a difference in the rates available that you would be foolish not to look.
Whilst you are shopping around, make sure you disclose any medical conditions or prescribed medication you are taking when asking for annuity quotes. Equally, if you are a regular smoker, reveal it. All of this could lead to you boosting your retirement income with enhanced annuity rates, and you could end up with 20%-30% more income, even more if you are unfortunate enough to have a serious illness.
So, yes, we are getting busier, but for all the right reasons.