Annuities Extra - Brought to you by The Retirement Adviser

"Annuities for those of us who are not in the best of health"

quick links

the extra mile

Mrs Greenwood, Lancs:
"I was treated as though I was important and not just a figure. I could not have sorted out this matter without them."

Mr & Mrs Grant, Herts:
"From the moment we met our consultant, she inspired confidence and we are delighted with everything she has done for us."

Mr Freeman, Yorkshire:
"Excellent, personal and knowledgeable adviser. A very professional service."

Mr Oxford, Gloucs:
"Many thanks to all who helped in setting up my pension and in particular to my consultant who was a great help and extremely pleasant in all her work with me."

Mr Cragg, Cheshire:
"I would like to take this opportunity to thank you and your team for your excellent communication and the prompt and efficient handling of the conversion."

Mr Pritchard, Somerset:
"The procedure and results in obtaining my annuity were prompt with excellent results."

Mrs Benson, Chester:
"First class service throughout the transaction."

Trustworthy Advice

The Retirement Adviser is a division of LEBC Group Ltd, an appointed representative of Sesame Ltd, which is authorised and regulated by the Financial Services Authority.

Converting Pensions From

Abbey Life
Aegon
Allied Dunbar
AXA Sun Life
Barclays
Canada Life
Clerical Medical
Countrywide Assured
Eagle Star
Equitable Life
Friends Provident
Halifax
Legal and General
National Westminster
Prudential
Scottish Equitable
Scottish Life
Scottish Mutual
Scottish Widows
Skandia
Standard Life
Windsor Life
Winterthur
Zurich
and many others

what is an Annuity?

THE BASICS EXPLAINED

When your pension fund reaches maturity, your pension provider will advise you of the fund value, general information about annuities and the level of annuity income you would receive.

The Open Market Option

You do not have to take out an Annuity with your pension provider. The "Open Market Option" allows those approaching retirement to shop around for options to convert their pension fund into an annuity. Rather than just taking the rate offered by your pension provider, you now have a choice.

The Open Market Option entitles you to transfer the fund value to another annuity provider of your choice. This enables you to take advantage of a higher annuity income which may be available from a different provider. Annuities are usually provided by insurance companies.

converting your "savings" into income

An annuity is an arrangement where you make a lump sum investment and from this investment you receive a guaranteed level of income for the rest of your life. So basically an annuity converts a fund into income and that income will be paid to you until you die.

As stated, a pension annuity is designed to be payable for your lifetime, but it's possible to select a fixed period if purchasing an annuity with cash rather than pension funds.

Examples of these types of "Lifetime Annuity" are conventional annuities, with profit annuities and unit linked, or 3rd way annuities. Annuities that are purchased from savings, not from a pension scheme are referred to as Purchase Life Annuities and Immediate Vesting Annuities.

tax-free cash

You're normally entitled to take up to 25% of your pension fund as tax-free cash. The rest of the fund is usually used to purchase an annuity or alternative product.

Get free no-obligation quotes

This quotation service enquiry is FREE and there is absolutely no obligation to proceed. If you choose not to proceed with our recommendation, we would make no charge.

We are comfortable with this approach as the vast majority of our clients are very happy with our recommendation and the depth of our research, and proceed with us.

CONFIDENTIAL. Your privacy is important to us, we do not share your contact details.

Title
Your Name
Email
Phone Number - Home
Phone Number - Work
Mobile Phone
Date of Birth
Approx. pension fund(s) value before tax free sum taken (hover your cursor here for instant help) Pension fund Please complete your approximate gross pension fund in the box (£). That is the total fund amount to provide the annuity before your tax free lump sum is taken. Enter an approximate amount if unsure.
Please list any health problems here, no matter how small you think they might be
Comments, Questions, Feedback
Get enhanced annuity comparisons directly from an adviser now... (hover here for help) A no pressure "quiet conversation" enquiry You will have absolutely no obligation to proceed once you have pushed the "Submit" button. If you choose not to proceed with our recommendation, we make no charge. Press submit now to uncover how much extra your retirement income could be...

A small selection of your possible annuity providers...

legal-and-general canada-life liverpool-victoria prudential
scottish-equitable aviva axa just-retirement

The Retirement Adviser is a division of LEBC Group Ltd, an appointed representative of Sesame Ltd, which is authorised and regulated by the Financial Services Authority (FSA). Sesame is entered on the FSA register (www.fsa.gov.uk/register) under reference 150427. Registered Office: LEBC Group Ltd, 1285 Century Way, Thorpe Park, Leeds, West Yorkshire LS15 8ZB. Registered in England No. 03995199. VAT Reg. No. 761837311.