Monthly Archives: October 2011

Annuity Alternatives

Annuities used to be the only option to change your pension into an income and you had to do this by your 75th Birthday. Post April 2006 or ‘A day’ your options increase by using ‘income drawdown’ until age 75 … Continue reading

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Annuity Income

Will your annuity income go far enough? Household incomes have been hit hard by increasing inflation, essentially meaning people’s money is not going far enough. The Consumer Price Index reached 5.2% in September according to the Office for National Statistics … Continue reading

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What is a variable rate annuity?

Is it a with profits annuity, is it a third way annuity, is is a temporary annuity, well more often than not all of these phrases have been used to describe this type of product. A variable rate annuity is … Continue reading

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Life expectancy increased by 4 months in 2010

The average age of a male is now 78.2 and a female 82.3 according to the latest figures by the Office for National Statistics. These figures have increased by 4 months on the same period in 2010. People living in … Continue reading

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Use your Open Market Option

Make sure you use your Open Market Option to get the best annuity rates. Your pension provider will always offer you an annuity rate and in 95% of cases this rate is not the best you can get. Therefore its … Continue reading

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Get the best annuity rates

It goes without saying that you are likely to be reading this because you have recognised the need to maximise your annuity rate or simply achieve the most from your pension. The need for advice has become ever more apparent … Continue reading

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Aviva has found that 40% of retirees dont have a pension

New research by Aviva shows that far from having a pension many retirees actually come in to retirement with a significant personal debt. Aviva surveyed different age groups 55 – 64, 65 – 74 and over 75. 20% of those … Continue reading

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Should I leave my pension or get an annuity right now?

A very common question and there is not always an easy answer but it has been said that the cost of delaying can be very hard to make up in the future. What is meant by that is that if … Continue reading

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What are your Retirement Options?

If you are looking to retire need shortly you need to know your retirement options.  A misconception is that when you retire, you turn your pension fund automatically into an income and that is the extent of your obligations. This … Continue reading

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Why pension Drawdown?

Drawdown is a flexible way of accessing your pension, you can take income, take just your tax free cash, turn income off, decrease your income or increase income (within certain limits) all based on your personal circumstances. The flexibility of … Continue reading

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