Looking for the best annuity rates for your retirement? We provide annuities using the open market option to give you more from your pension. Searching for the right annuity rate couldn’t be simpler just fill out the quote form and we’ll do the rest.

 

Ensuring you get the best annuity rate is extremely important when doing your retirement planning. Annuity rates are determined by many factors and without the best advice you could be missing out on thousands of pounds of income in your retirement.

Simply taking the annuity rate offered from your existing provider will, in many cases, mean you are losing out on income. The moment before you reach retirement you need to start shopping around for the best annuity rates using the open market option.

At Retire Right we specialise in Retirement planning and we have many years of experience in delivering the best annuity rates for our clients. Organising the right retirement plan is vital to ensure you get the best income and therefore the most out of your retirement. To maximise your retirement income, let us help you get the best annuity rates.

Annuity Calculator

Using our annuity calculator quote system we can help you find the best annuity rates is 2012.  Take a minute to fill in our free annuity quote form and a retirement specialist will provide you with up to the minutes rates from across all the leading providers.

Our annuity calculator searches the market to ensure we find you the highest annuity rates, comparing all the providers who offer annuities.

How to get the most from your pension

Taking advice can be the key to getting the most from your pension, whether it be more income, a tax efficient income, or a lump sum now and a delayed income later. The most income is not always the best option as everybody’s situation is different. It’s important to explore all the options available to you and take advice from different sources before making your final decision.  The number of options are increasing each year as more companies try to adapt to the varying ways people wish to use their savings in retirement. Use a retirement specialist  and get free expert advice on what your retirement option are.

*The National Association of Pension Fund report

Breaking annuity rate news Feb 2012

The National Association of Pension Funds (NAPF) has just released a report outlining many barriers retirees face when changing their pension into an income. The NAPF say that the process is fraught with confusing paperwork and obstacles that prevent people shopping around for the best deals.

It said that the pension companies that sell annuities were guilty of “sharp practice and murky pricing”. To someone who has never had to deal with annuities before, or who after retirement, will have to again, this is what it is perceived as.

“The process for choosing an annuity is a complex one and the majority still go for the “default” option by sticking with their pension scheme provider,” the NAPF said. This is where a retirement specialist should be used but many don’t realise the down falls of not shopping around. Failure to shop around for the best annuity rates can wipe up to 50 per cent off a person’s annual pension income, the report found.

“People are being short-changed by a toxic system,” said Joanne Segars, the chief executive of the NAPF, which represents 1,200 pension schemes with 15 million members.

“Lower and middle income workers are especially vulnerable – too many end up stuck with the wrong annuity at a bad price,”

The NAPF used research carried out by the Pensions Institute, a department of the Cass Business School in London.

This report further cements what retirement specialists have been trying to encourage people to do for years. The choices you make with your pension fund will affect the level of income you receive for the rest of your life. It’s for this reason you should ensure you have explored all the options available by using the Open Market Option and shopping around.