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Annuity Rate Checker

What is an annuity?

An Annuity is a regular fixed income for life. You can exchange your pension fund or a cash lump sum for an Annuity product, which will provide a guaranteed income for the rest of your life. When you decide to start drawing benefits from a pension fund, an annuity is the most popular way to do it. Once you have purchased the annuity it cannot be altered or converted back into a lump sum. This is why it is so important to make the right decisions - you only get one chance to get the best deal available at the time. When you decide to draw your pension, you usually have the opportunity to buy your annuity with somebody other than your existing pension provider. This is called the 'OPEN MARKET OPTION'. The level of income is fixed for the rest of your life, and potentially your spouse's life as well. The benefit of doing this is that you have no further worries about investment risk, which is something that you probably won't want to deal with as you get older. If you rely on the interest from cash savings for your income, then you can be caught out if interest rates fall dramatically, as they have done recently. Annuity rates change all the time and the annuity market is very competitive, so it's very unlikely that your existing pension provider will be offering the best deal at the time you retire.

So how can we help you get the best deal?

If you provide your pension details, by completing either the Standard Annuity Rate Checker Form, or if you are a smoker (minimum of 10 cigarettes a day for the last 10 years), take medication, or are in ill health, then please complete the Enhanced Annuity Rate Checker Form, as rates can be higher when life expectancy is shorter. On receipt of your questionnaire we will do the legwork for you and find you the best annuity rate based on your personal requirements. This is a free service, and there is no obligation to proceed with the annuity that we find for you. . There are alternatives to purchasing an annuity, which we will happily discuss with you if required, just indicate on the questionnaire that you would like to consider alternative options. Finally, if you want to proceed with purchasing your annuity, we can deal with the paperwork and the product providers for you. We can get your new pension set up as quickly as possible with the minimum of fuss for you. And what's more, there is no additional cost to you for our service.

Free Standard
Annuity Rate Checker
Free Enhanced
Annuity Rate Checker

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