Annuity Advice
Annuity is a word that is on most pension statements but few people understand what it means or the implications of taking an annuity. Put simply, an annuity means you sell your pension to a life company which in return will provide you with an income for life. The decision to take an annuity should not be taken without obtaining independent financial advice. Pensionexpert4u can provide that advice by undertaking a whole of market search to provide you with quotes from all annuity providers.
IMPORTANT- it is no longer compulsory to purchase an annuity from your pension provider, you should “shop around” for the best deal. In certain circumstances, buying any annuity will be poor value for money. Examples of the different providers from which quotes are sought in a whole of market search are shown below
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