Cherrypicked News
Newspage
Annuity Rates - Time to check the open market
The Bank of England disappointed mortgage holders last week by keeping the base rate at 5%. But for anyone about to retire, and needing to turn a pension pot into an income for life, they can now benefit from the best annuity rates for years. According to market research, rates are at a 6 year high and 9% up on rates offered 6 months ago.
Historically the problem has been that clients are not seeking advice before buying an annuity as they are not aware of the open market option. Too often retirees simply accept the income offered by their pension provider without looking elsewhere. We are well positioned to source the best annuity rates from leading Financial Institutions and can secure enhanced or impaired health rates depending on your health, smoking status and pension fund.
