UK Annuities: FINANCIAL CONDUCT REGULATED SITES • QUALIFIED, TRUSTWORTHY ANNUITY ADVICE

Centralising Your Pension Annuity Search

BUT FIRST, SOME IMPORTANT INFORMATION THAT COULD BOOST YOUR RETIREMENT FINANCES Have you taken out a credit or store card, mortgage, secured loan, unsecured loan or hire purchase agreement in the last 10 years? If you have (or have had) a mortgage, loan or credit card with providers such as Barclaycard, Abbey, Santander, Littlewoods, MBNA, Halifax, HSBC, HBOS, Lloyds, Natwest, RBS or in fact any other credit provider, you may be able to reclaim up to £15,000 if you were sold PPI insurance - in most cases even if you have lost the paperwork. Learn more about PPI Claims now!


annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817


ANNUITIES: Annuities News


Pensioners must not pay the price for the recession

Age Concern and Help the Aged’s proposals for the Pre-Budget Report

With the run up to the Pre-Budget Report dominated by speculation about the need for spending cuts, Age Concern and Help the Aged is warning that measures to tackle the budget deficit must not reduce entitlements for older people, especially the poorest and those most in need. It is also calling for expenditure to be re-prioritised to ensure that key services they rely on don't deteriorate and for measures to tackle unemployment to include the growing number of long term unemployed people over 50.

Ahead of Wednesday’s statement, the charity is calling on the Chancellor to make a number of commitments to ensure that pensioners don't pay the price for the recession:

Key entitlements for older people including the Winter Fuel Payment, free TV licences, free off peak bus travel and Attendance Allowance should be maintained at their current level.

The commitment to re-link the Basic State Pension with earnings should not be allowed to slide beyond 2012.
Expenditure should be re-prioritised to provide additional funding of £370 million a year to prevent the social care crisis from worsening.

A new package of measures must be introduced to reduce long term unemployment among the over 50s, especially 50+ men, many of whom are effectively being forced into a premature retirement.

The planned increase in the State Pension Age should not be brought forward – this would not reduce expenditure in the next five years and would hit women and the poorest the hardest.

Next year’s £174 million cut in the budget for Warm Front, the Government’s flagship scheme for tackling fuel poverty, should be reversed.

Unfair tax rules should be changed and the annuities market shaken up to ensure people with modest savings get a better deal from their annuities.

Speaking ahead of the Pre-Budget Report, Andrew Harrop, Head of Public Policy at Age Concern and Help the Aged said: 'While we recognise the need for spending constraint, the Chancellor must ensure that pensioners don't pay the price for the recession. He should use the Pre-Budget Report to reject calls to cut entitlements for older people and ensure that the spending axe does not fall on the services they rely on.'

Protecting older people’s entitlements

In recent months, the political parties, lobby groups and commentators have floated a number of proposals for cutting or means-testing older people’s entitlements including the Winter Fuel Payment, free TV licences for the over 75s, free off-peak bus travel for over 60s and Attendance Allowance which is paid to people over 65 who need help to cope with the additional costs of disability. Our research shows that older people place a high value on these concessions as they provide a valuable top up to their incomes and recognise the contributions they have made over their lifetimes.

Means-testing older people’s entitlements may sound like sensible targeting but would bring problems of low take up, administrative complexity and unfairness for those who just miss out. The Chancellor should use the Pre-Budget Report to make a clear commitment that these entitlements won't be means-tested and that will be maintained at their current level.

Andrew Harrop said: 'If older people had adequate incomes, there would be less need for age-based entitlements but with more than two million pensioners living in poverty, we are a long way from this point. Cutting these entitlements or means-testing them may appear superficially attractive but in reality would unfairly penalise many of the poorest pensioners.'

Re-linking the Basic State Pension with earnings

Over two million pensioners are currently living in poverty. Re-linking the Basic State Pension with earnings will increase its value over time and give older people a better standard of living. Recent statements from both the Labour and Conservative parties have suggested that the commitment to restore the link may be allowed to slide beyond the intended date of 2012. This would let many older people down as the Government stated aim was to re-link the Basic State Pension with earnings by 2012, despite the law allowing for this to happen as late as 2015.

The Chancellor should use the Pre-Budget Report to make a clear commitment that the link between the Basic State Pension and earnings will be restored in 2012. Delaying this to 2015 would save relatively little for the Government – an estimated £250 million a year after 2012 – and would plunge an additional 70,000 pensioners into poverty.

Andrew Harrop said: 'It is shameful that in one of the richest countries in the world, one in five pensioners continue to live in poverty. The Pre-Budget Report offers the Government a golden opportunity to give older people in Britain a fairer deal by committing to restore the link between the Basic State Pension and earnings by 2012. Pensioners have waited three decades for this – they should not have to wait any longer.'

Tackling the care crisis

The social care system is in crisis, with the quality of care provided often inadequate, eligibility for local authority-funded services being cut back and demand for services increasing as the population ages. Recent proposals from the political parties to reform elements of the system are welcome. However, with the long term reforms proposed in the Government’s Green Paper not due to come into force until at least 2014, it is essential that there is no further deterioration in the availability and quality of services in the meantime.

Any commitments to protect spending on health must include social care as well as the NHS. The Pre-Budget Report should re-prioritise public expenditure to provide an additional £370 million to prevent care services from deteriorating further. This could be paid for through efficiency gains in the NHS – an annual transfer of just 0.4 per cent from the NHS would achieve this.

Andrew Harrop said: 'This week’s Care Quality Commission report once again raised serious concerns about the quality of care provided to older people. While we welcome the long overdue priority being given to this issue by the political parties, it is essential that the Pre-Budget Report delivers the minimum requirement – enough funding to ensure that services to don't get any worse.'

50+ unemployment

New figures revealed by Age Concern and Help the Aged this week show that unemployed over 50s are finding harder than any other group to get back into work, with fewer than 1 in 5 finding employment within three months, and the number of 50+ men unemployed for 6-12 months more than doubling over the last year. For many‚ this premature exit from the job market will effectively force them into an early retirement. With recent research showing nearly three-quarters of over 55s wanting to work past the State Pension Age as the recession hits their pensions, this will condemn many to an uncomfortable retirement.

The Pre-Budget Report should include a new package of measures to tackle long term unemployment among the over 50s. This should include an extension of the job guarantee for 18-24 years olds unemployed for more than nine months to those aged 50+, intensive support for people aged over 50 who have been unemployed for more than three months and measures to ensure that Job Centre Plus provides a better service to the over 50s.

Andrew Harrop said: 'An end to the working lives of men in their 50s now won't only condemn them to an uncomfortable retirement‚ but will also deprive the recovering economy of their skills and experience‚ just when they are most needed. The Government must take action in the Pre-Budget Report to avoid creating a lost generation of older workers.'

Rejecting calls to increase the State Pension Age

The Conservative Party and some lobby groups have suggested that the planned rise in the State Pension Age should be brought forward to as early as 2016. This would leave little time for people currently planning to retire in seven years time to change their retirement or savings plans. It is also contradictory to suggest raising the State Pension Age when the Default Retirement Age – which allows employers to force people who want to carry on working to retire at 65 – remains in place.

The Chancellor should use the Pre-Budget Report to reject calls to bring forward the planned rise in the State Pension Age. Fast-tracking this would not reduce spending at all in the next five years when action is needed to tackle the budget deficit, would impact disproportionately on women and the poorest and foreshorten the retirements of those living in areas where life expectancy is shortest.

Andrew Harrop said: 'Bringing forward the planned rise in the State Pension Age is a lose-lose strategy – it would provide no savings in the next five years to reduce the budget deficit and would be a hammer blow to many, especially women and the poorest, who would be forced to pay the price for the recession by working longer. Increasing the State Pension Age should only be considered as part of a wider strategy for increasing the Basic State Pension and reducing pensioner poverty.'

Tackling fuel poverty and reducing carbon emissions

The Government is set to fail dismally to meet its statutory target to eradicate fuel poverty among older households by 2010. The budget for Warm Front, its flagship scheme for tacking fuel poverty by improving home energy efficiency, is due to fall by nearly half next year – in effect a cut of £174 million. Figures published recently show a huge spike in the number of winter deaths with 37,313 excess deaths in 2008/09, a 50 per cent increase on the year before.

With an estimated 2.5 million older households living in fuel poverty and tackling climate change at the top of the political agenda, cutting the Warm Front budget makes no sense. The Chancellor should use the Pre-Budget Report to reverse the planned £174 million cut in its budget and maintain funding for the scheme at its 2009/10 level.

Andrew Harrop said: 'Cutting the Warm Front budget in the wake of the alarming spike in the number of excess winter deaths and as world leaders meet in Copenhagen to discuss how to tackle climate change would send a very damaging signal about the Government’s commitment to eradicating fuel poverty and reducing carbon emissions.'

Shaking up the annuities market

The recession has thrown a spotlight on annuities which have been affected by stock market turmoil and low interest rates and changes in stock market returns. Yet, calls for reform have so far failed to address the needs of those with modest savings who currently get a poor deal due to complex regulations and unfair tax rules.

The Pre-Budget Report should include changes to tax rules to ensure that pension savings too small to annuitise can be drawn in cash without penalty and are no longer taxed at higher rates than larger lump sums. The Chancellor should also signal a radical shake up of the annuities market to improve transparency, increase competition and improve the guidance available to help people choose the best annuity deal.

Andrew Harrop said: 'Despite the impact of the recession, the right annuity continues to offer a secure way of turning retirement savings into a stable source of income. But the tax system penalises those with small pension pots and the annuities market is hamstrung by complexity and dominated by a few major players. The Pre-Budget Report is an opportunity for the Chancellor to signal a shake up of the system and deliver a better deal for those with modest savings.'

Age UK is the new force combining Age Concern and Help the Aged. We will be known by our new name from Spring 2010. The Age UK family includes Age Scotland, Age Cymru and Age NI.

Keywords: Pension, Annuities, Annuity, Pensions

Please note that the annuities and income drawdown information contained within the articles and general text on Annuities Central may not be intended for annuity consumer use, may no longer be current and should not be used by consumers to make financial decisions. It is very important that you don't use this annuity information in isolation to decide which annuity or annuity alternative to buy. Annuity comparisons and pensions information or opinions expressed are made as at the date of this publication and are subject to change without notice. Always seek the help of an annuity broker before you buy an annuity.

annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817