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


Pensions and Annuities Research:

Finance Bill / Annuities

Mr. Edward Davey (Kingston and Surbiton): I agree totally with the right hon. Gentleman's argument, but is not the situation worse than he suggests? Many of those who will be affected by the proposal are not financially sophisticated and don't have financial advisers. They won't make the switch and will, therefore, be penalised. Mr. Heathcoat-Amory: Yes. We raised that matter earlier. We are dealing with the least sophisticated segment of the savings population, who are not well advised. To suggest that, at the end of their lives, they should take out another government savings product--they may have read about it in the newspapers and suspect that the rules will be changed further--is, frankly, an insult to them. We know that the Labour party has only recently grasped the importance of a market economy, but Labour Members have been carried away in their enthusiasm. They assume that every constituent and every member of the public has an army of advisers who suggest portfolio changes and recommend new products that come on to the market, and they say that costs don't matter because they will be recouped in the longer term. That is a fantasy world, and the Labour party should re-engage with the electors. Recently, we heard that the Minister of State, Department of Trade and Industry (Mr. McCartney) is to conduct a study into the Labour party's debacle in the European Parliament elections as a result of concern that the party has lost touch with its natural supporters. I can give him a bit of free advice, which is that by accepting our new clause, the Government will signal to some of their traditional supporters that they are listening to them and want to do something for the poorest segment of the population. Therefore, I seek to divide the Committee on this important new clause. 11 am Question put, That the clause be read a Second time: The Committee divided: Ayes 9, Noes 18. Division No. 16] AYES Breed, Mr. Colin Burnett, Mr. John Davey, Mr. Edward Gibb, Mr. Nick Heald, Mr. Oliver Heathcoat-Amory, Mr. David Jack, Mr. Michael St Aubyn, Mr. Nick Whittingdale, Mr. John NOES Ainsworth, Mr. Robert Blears, Ms Hazel Brinton, Mrs. Helen Cawsey, Mr. Ian Davies, Mr. Geraint Gardiner, Mr. Barry Hewitt, Ms Patricia Johnson, Mr. Alan Johnson, Miss Melanie Keeble, Ms Sally Leslie, Mr. Christopher Love, Mr. Andrew Mountford, Kali Roche, Mrs. Barbara Sarwar, Mr. Mohammad Stewart, Mr. Ian Taylor, Ms Dari Touhig, Mr. Don Question accordingly negatived. New clause 5 Personal pensions--income withdrawals `.--(1) In section 634(2) of the Taxes Act 1988, the words ``or after he attains the age of 75'' shall cease to have effect. (2) In section 634A of the Taxes Act 1988, subsection (3) shall cease to have effect. (3) In section 636A of the Taxes Act 1988, subsection (4) shall cease to have effect. (4) In section 637 of the Taxes Act 1988, in paragraph (a), the words ``before he attains the age of 75'' shall cease to have effect. (5) In section 590(3) of the Taxes Act, in paragraph (a), the words ``and not later than 75'' shall cease to have effect. (6) This section shall have effect in relation to approvals, of schemes or amendments, given under Chapter I or Chapter IV of Part XIV of the Taxes Act 1988 after the passing of this Act.'.--[Mr. Gibb.] Brought up, and read the First time. Mr. Nick Gibb (Bognor Regis and Littlehampton): I beg to move, That the clause be read a Second time. The new clause relates to personal pensions and certain self-administered occupational pension schemes. Under a defined contributions pension scheme--rather than a defined benefits scheme, where the pension is ultimately paid out of the pension fund itself, for example, a final salaries scheme--there is a requirement to purchase an annuity on retirement. In 1995, that requirement was mitigated by changing the law to permit income draw-down directly from the pension fund until the pensioner reaches the age of 75. That allows the pensioner to defer the purchase of an annuity for 10 years or more. That reform was deemed to be necessary by the previous Government because of falling annuity rates. Annuity rates have continued to fall and, in January 1999, they reached a 30-year low. Seven years ago, a £100,000 pension fund could have purchased an annuity giving an income of £15,823 a year. A year ago, the same fund would have purchased an annuity giving about £9,700 a year. Today, it would purchase an annuity giving £9,494 a year, and even lower figures are derived from annuities that have an escalator or are index-linked. The Association of Unit Trusts and Investment Funds report, ``Income in Retirement--are Annuities the Answer?'', which was published in April this year, shows that a male aged 65 who is a stalwart smoker can expect £9,948 a year from a £100,000 annuity, a non-smoker can expect £9,104 a year, but an annuity with a 5 per cent. escalator will yield merely £5,925. The previous Government's decision to give pensioners the flexibility of being able to delay the purchase of an annuity until the age of 75 was welcome, and continues to be so. That is not merely because it enables pensioners to wait until annuity rates rise, which is a gamble. As events have turned out, such a gamble would not have paid off because annuity rates have continued to fall, and all the predictions are that they may fall even further. A more significant aspect of delaying the purchase of annuities, according to Clifford German, writing in The Independent, is that an annuity will be about 40 per cent. higher if taken out at the age of 75 than at the age of 65. That is because of lower life expectancy at the age of 75 than at 65. That has an even greater impact than being able to gamble on future annuity rates. I represent a constituency with a large retired population, and I receive many letters urging the Government to remove the age limit of 75. Life expectancy has increased enormously over the past 20 years, and is expected to rise even further in the years ahead. That is welcome, and a great tribute to the success of this country. It therefore seems arbitrary to insist on an age limit of 75 for pensioners purchasing annuities. The new clause would remove that age limit altogether. One of my constituents wrote to me recently to say: ``I am one of very many pensioners who is unable to secure a satisfactory pension from my pension fund which I have worked hard to build up during a lifetime of continuous employment. As I have never enjoyed a Company Pension Scheme all my payments have been made into a Personal Pension Scheme which has been invested wisely, mainly in equities, to provide growth which has produced quite a large fund for me. However, I am now 68 years old, and would like to draw a pension but I have been informed...that with the present appallingly low rates of return in annuities I am best advised not to buy a pension at the present time.'' He continues: ``Under present legislation, I will be forced to purchase an annuity...before I reach the age of 75. This will mean that my investment strategy will then be dictated by the Inland Revenue with my annuity invested in gilts and involving the total loss of capital.'' He concludes: ``This seems particularly unfair for older pensioners as in my case as the larger part of my pension plan will be lost to my family irretrievably if I were to die after the age of 75.'' That raises the secondary point about removing the upper age limit--buying an annuity means that the capital is lost and that the pensioner takes a gamble that he will live for a sufficiently long period to gain more than the amortisation of the capital would deliver in normal circumstances. Many pensioners want to leave their capital to their children, and would be prepared to take a small reduction in income to enable them to do so. Other pensioners don't want to take such a risk, and would rather enjoy a higher income and not leave the capital to their children. That should be a matter for pensioners, and the new clause would provide the necessary flexibility without any jeopardy of creating a liability for the state as a result of pensioners squandering all their capital on a world cruise. That would not be possible, even under the current rules, as pensioners can only draw down an amount of income that enables the fund to maintain its value. Another constituent wrote to me to say: ``We would appreciate it if you could press for better treatment for those in small self-administered schemes and those who defer taking annuities. As you know, the annuity rates are very low at the moment and show little sign of improving. Pensioners in most cases can obtain more income by managing their own affairs especially as they still have their capital sum intact.'' Pensioners are finding that they can achieve a better return by leaving their capital in the pension fund than by taking it out and purchasing an annuity. That may seem odd, given that an annuity has the advantage of having an amortisation element in the capital, whereas the money left in the pension fund does not. There are circumstances, with which other members of the Committee will be more familiar than I am, in which annuity rates have risen not only because of low interest rates but because of an attempt by the annuity industry to recover margins following past mistakes, and because the annuity industry is probably under-supplied in relation to the level of demand. There are also worries about 20-year gilt rates in the marketplace, because of excess demand by the annuity industry for annuities for 20-year gilts. The constituent goes on to say: ``As the law stands, at the age of 75, pensioners must hand over the capital sum to an insurance company and take whatever the annuity rate is at that time and say goodbye to the capital sum.'' He concludes by saying that: ``the bulk of the fund has been saved by the pensioner and is truly his money. It does not seem just to take this away from him or his family.'' He makes a valid point. © Parliamentary Copyright 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