Annuity Service
Many clients accumulate pension benefits in Personal Pension Plans, and are offered an annuity (a guaranteed payment throughout life) from their pension provider once they reach retirement age. In most cases it is possible for clients to receive an increased pension income by exercising the open market option, which allows people to purchase a pension annuity from a different provider than the one the pension plan has been invested with.
In some cases the increase in benefits can be large, whilst in others the difference will be more modest. However, it costs nothing to check your annuity options with us.
This annuity service is available for clients with £20,000 or more invested in their pension plans. Included in the service is advice on the different forms of annuity you could purchase.