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


Don't bank on downsizing your home for your retirement dreams, says Standard Life

  • * The average home in the UK will provide only 16%1 of people’s retirement income through downsizing their main property


  • * Downsizing and achieving a surplus £150,0002 of equity could provide an income of around £1303 a week


  • * Moving from a bungalow to a flat in the UK would release £25,0002 of equity which could produce a weekly income of £223


  • * The largest equity gains to be found by downsizing from a detached property to a flat in London and the South East, potentially creating 64%1 and 71%1 of your retirement income


Standard Life has conducted analysis of the UK housing and retirement markets and is predicting a bleak future for many people hoping to use their current property to provide their pension.  By calculating the average equity released from a property through downsizing (selling your existing home for a smaller property), Standard Life has worked out how much pension income that could potentially generate.


Most people want to retire on an income of 2/3rds of their working earnings.  This should provide a similar standard of living in retirement, allowing for the fact most people will have paid off their mortgage and won't have costs associated with travelling to work.  By comparing the income likely to be generated from the equity and retirement income aspirations, significant shortfalls have been identified.


The calculations…
The average detached home in the UK is valued at £343,0582.  If the owner downsized from the detached property to a bungalow in the same region (average UK value £118,2602), and allowing for moving costs of £2,2484, the equity released could generate a retirement income of £1003 a week, or put another way, 30%1 of your retirement income.
Andrew Tully, Senior Pensions Technical Manager, Standard Life said: “Across the UK many people are pinning their hopes on a continuing strong housing market to provide the retirement of their dreams.  The reality is somewhat different.  Our analysis shows retiring and banking on your main residence to provide a sufficient retirement income is a potential retirement disaster unless you have made sufficient provision elsewhere.”


So just how much income can someone generate by downsizing their property?
This very much depends on the property type and how far someone wants to go.  For example, if your main residence is a detached house, you could generate about 35%1 of your retirement income by moving to a semi-detached property.  However, if you currently live in a semi-detached house and move to a flat, it may only generate around 2%1 of your retirement income.

Assumptions
Standard Life has made certain assumptions to arrive at these figures: importantly only looking at downsizing homes within the same geographical regions in the UK; and using the FSA annuity tables to turn the money released through downsizing into a notional retirement income.


Tully commented: “Our calculations show that on average, across the UK, downsizing your property will only provide 16%1 of your retirement income.  It is vital people take control of their retirement planning, with the old saying of not having all your eggs in one basket never being more relevant.  Property can be a valuable part of retirement saving, but it should not be the only option used.”


Regional Differences
There are significant regional differences in how much income downsizing your home might generate.  The South East and London can potentially provide the best opportunity to supplement your retirement income while East Anglia and Scotland could potentially provide the least income.


The table below charts the retirement income by region for example downsizing moves (individual downsizing shortfalls by property types are available on request).


Retirement Income by Region and Downsizing Category


Tully concluded: “People need to think long and hard about their retirement dreams before banking on their home to provide the income they want.  Although there are many ways to unlock the value in your home, for example Equity Release, drawdown equity as well as downsizing, a broader mix of assets and investments combined with tax efficient wrappers should be considered, but always consult a professional financial adviser.  That way you maximise your chances of enjoying the retirement of your dreams.”


  1. Source: Standard Life analysis of UK house price data using the Halifax House Price Index regional dataset for Quarter 3 2007; analysis of the Office for National Statistics average weekly earnings of full-time employees; FSA annuity tables.  The target retirement income replacement figures have been calculated as 2/3rds of the current average weekly earnings of full-time employees.

  2. Source: Standard Life analysis of UK house price data using the Halifax House Price Index regional dataset for Quarter 3 2007.

  3. Source: Weekly income for a male aged 65, 50% spouse’s pension, 3% escalation and a 5-year guarantee.  Figures from FSA annuity tables.

  4. Source: Moving costs have been calculated from stamp duty costs only, due to the lack of reliable regional data for removal costs.

  5. All information contained in this release can be used by organisations and individuals at their own risk.

  6. Regional data – percentage of retirement income generated through downsizing

 

 

Detached to bungalow

Detached to semi-detached

Detached to flat

Semi-detached to flat

Terraced to flat

Bungalow to flat

UK Average

30.4%

34.5%

37.1%

2.1%

-2.2%

6.1%

North

23.4%

27.4%

40%

12.1%

4.8%

16.1%

Yorks & Humb

29.8%

35.8%

46.3%

10%

1.2%

16%

North West

30.3%

36.1%

48%

11.4%

0.3%

17.1%

E.Midlands

21.6%

28.9%

37.1%

7.8%

2.1%

14.9%

W.Midlands

25.5%

35.6%

46.9%

10.8%

4.6%

20.8%

E.Anglia

21.3%

28.1%

39.5%

10.9%

6.7%

17.7%

South West

22.9%

34.9%

50%

14.4%

7.9%

24.9%

South East

40.7%

47.6%

71.2%

21.6%

9.3%

28.3%

Gt. London

50%

42.3%

63.9%

19.1%

11.5%

11.6%

Wales

19.4%

27.3%

38.7%

10.8%

0.9%

18.7%

Scotland

18.2%

25.3%

34.6%

8.7%

3.8%

15.8%

N.Ireland

19.1%

30.1%

47.2%

16.4%

2.8%

25.7%


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