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!


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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.
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All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
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This company may be able to increase your standard pension annuity through enhanced annuities.
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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.
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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".
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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.
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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.
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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.
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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


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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


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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.
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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.
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Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
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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.
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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.
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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.
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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 Schedule 28 — Registered pension schemes

: authorised pensions—supplementary Part 1 — Pension rules 420 Schedule 28 Sections 155 and 157 Registered pension schemes: authorised pensions—supplementary Part 1 Pension rules Defined benefits and money purchase arrangements 5 Ill-health condition 1 For the purposes of this Part the ill-health condition is met if— (a) the scheme administrator has received evidence from a registered medical practitioner that the member is (and will continue to be) incapable of carrying on the member’s occupation because of 10 physical or mental impairment, and (b) the member has in fact ceased to carry on the member’s occupation. Scheme pension 2 (1) In the case of a pension scheme with fewer than 50 members, a pension payable to the member is a scheme pension for the purposes of this Part if— 15 (a) it is payable by an insurance company selected by the scheme administrator or, where the scheme administrator is an insurance company, by the scheme administrator, and (b) it satisfies the condition in sub-paragraph (3). (2) In the case of a pension scheme with 50 or more members, a pension payable 20 to the member is a scheme pension for the purposes of this Part if— (a) it is payable by the scheme administrator or by an insurance company selected by the scheme administrator, and (b) it satisfies the condition in sub-paragraph (3). (3) The condition is that— 25 (a) the pension is payable (at least annually) until the member’s death or until the later of the member’s death and the end of a term certain not exceeding ten years, and (b) the rate of pension payable in respect of any relevant 12 month period is (except in excluded circumstances) not less than the rate 30 payable in respect of the previous 12 month period. (4) But if the ill-health condition is met when the member becomes entitled to the pension, the pension may cease to be payable on the scheme administrator’s receiving evidence from a registered medical practitioner that the member is again capable of carrying on the member’s occupation. 35 (5) A pension is payable until the end of a term certain even if it may, after the death of the member during the term, end on the pensioner— (a) marrying, (b) reaching the age of 18, or (c) ceasing to be in full-time education. 40 (6) A relevant 12 month period is any 12 month period which— (a) begins on or after the first anniversary of the day on which the member becomes entitled to the pension, and Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 1 — Pension rules 421 (b) ends before the day on which the pension ceases to be payable. (7) “Excluded circumstances” means that the reduced rate applies to all the scheme pensions being paid to or in respect of members of the pension scheme. Money purchase arrangements 5 Lifetime annuity 3 (1) For the purposes of this Part an annuity payable to the member is a lifetime annuity if— (a) it is payable by an insurance company, (b) the member had an opportunity to select the insurance company, 10 (c) it is payable until the member’s death or until the later of the member’s death and the end of a term certain not exceeding ten years, and (d) it is a level annuity, an increasing annuity or a relevant linked annuity. 15 (2) An annuity is payable until the end of a term certain even if it may, after the death of the member during the term, end on the annuitant— (a) marrying, (b) reaching the age of 18, or (c) ceasing to be in full-time education. 20 (3) An annuity is a level annuity if its amount does not vary from year to year. (4) An annuity is an increasing annuity if its amount increases from year to year. (5) An annuity is a relevant linked annuity if its amount varies from year to year but only in line with changes in (or by an amount which does not exceed the amount by which it would vary if it varied in line with changes in)— 25 (a) the retail prices index, (b) the market value of freely marketable assets, or (c) an index reflecting the market value of freely marketable assets. (6) “Freely marketable assets” means assets which are sold on the open market at a price not determined by the member. 30 Unsecured pension and alternatively secured pension 4 “Unsecured pension” means— (a) a short-term annuity, or (b) income withdrawal. 5 “Alternatively secured pension” means income withdrawal. 35 Short-term annuity 6 (1) An annuity payable to the member is a short-term annuity if— (a) it is purchased by the application of sums or assets representing the whole or any part of the member’s unsecured pension fund in respect of an arrangement, 40 (b) it is payable by an insurance company, (c) the member had an opportunity to select the insurance company, Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 1 — Pension rules 422 (d) it is payable for a term which does not exceed five years and ends before the member reaches the age of 75, and (e) it is either a level annuity, an increasing annuity or a relevant linked annuity. (2) “Level annuity”, “increasing annuity” and “relevant linked annuity” have 5 the same meaning as in paragraph 3. Income withdrawal 7 “Income withdrawal” means— (a) if the member has not reached the age of 75, an amount (other than a payment of an annuity) which the member is entitled to be paid from 10 the member’s unsecured pension fund in respect of an arrangement, and (b) if the member has reached the age of 75, an amount which the member is entitled to be paid from the member’s alternatively secured pension fund in respect of an arrangement. 15 Member’s unsecured pension fund 8 (1) For the purposes of this Part the member’s unsecured pension fund in respect of an arrangement consists of such of the sums or assets held for the purposes of the arrangement— (a) as have at any time been designated under the arrangement as 20 available for the payment of unsecured pension, and (b) have not been applied for purchasing a scheme pension, a lifetime annuity or a short-term annuity or paid as income withdrawal. (2) When the member reaches the age of 75, any relevant uncrystallised funds are to be treated as having been designated under the arrangement as 25 available for the payment of unsecured pension immediately before the member reached that age. (3) “Relevant uncrystallised funds” means the sums and assets held for the purposes of the arrangement which— (a) have not been applied for purchasing a scheme pension, a lifetime 30 annuity, a dependants’ scheme pension or a dependants’ annuity, and (b) have not previously been designated under the arrangement as available for the payment of unsecured pension. Unsecured pension year and basis amount for unsecured pension year 35 9 (1) “Unsecured pension year” means— (a) the period of 12 months beginning with the day on which the member first becomes entitled to unsecured pension in respect of the arrangement, and (b) each succeeding period of 12 months. 40 (2) But when the member reaches the age of 75 or dies before reaching that age, the current unsecured pension year is the last unsecured pension year and ends immediately before the member’s death or 75th birthday. 10 (1) The period of five unsecured pension years beginning with the first unsecured pension year, and each succeeding period of five unsecured 45 Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 1 — Pension rules 423 pension years, is a “reference period”; and the first day of each reference period is, in relation to that period, “the reference date”. (2) For the first unsecured pension year falling within a reference period, the basis amount is the annual amount of the relevant annuity which could have been purchased by the application of the sums and assets representing the 5 member’s unsecured pension fund on the nominated date (but subject to sub-paragraph (5)). (3) “The nominated date”— (a) in relation to the first reference period, is the reference date, and (b) in relation to any subsequent reference period, is such day, within 10 the period of 60 days ending with the reference date, as is nominated by the scheme administrator (or, if no day is nominated by the scheme administrator, is the reference date). (4) For each other unsecured pension year falling within a reference period, the basis amount is the annual amount of the relevant annuity which could have 15 been purchased by the application of the sums and assets representing the member’s unsecured pension fund— (a) if there has been no recent annuity purchase or recent additional fund designation, on the nominated date, and (b) otherwise, immediately after the last annuity purchase or additional 20 fund designation, (but subject to sub-paragraph (5)). (5) On the occasion of each additional fund designation during an unsecured pension year, the basis amount for that unsecured pension year is to be recalculated in accordance with sub-paragraph (6). 25 (6) The basis amount for the unsecured pension year is the annual amount of the relevant annuity which could have been purchased by the application of the sums and assets representing the member’s unsecured pension fund immediately after the additional fund designation. (7) “Annuity purchase” means the purchase of a scheme pension or a lifetime 30 annuity by the application of sums or assets representing the whole or part of the member’s unsecured pension fund. (8) “Additional fund designation” means the designation under the arrangement of further sums or assets held for the purposes of the arrangement as available for the payment of unsecured pension. 35 (9) An annuity purchase or additional fund designation is “recent” if it took place during the period— (a) beginning with the reference date, and (b) ending with the last day of the immediately preceding unsecured pension year. 40 (10) Paragraph 14 defines “relevant annuity”. Member’s alternatively secured pension fund 11 (1) For the purposes of this Part the member’s alternatively secured pension fund in respect of an arrangement consists of such of the sums and assets held for the purposes of the arrangement as— 45 (a) meet condition A or condition B, and (b) have not been subsequently applied for purchasing a scheme pension or a lifetime annuity or paid as income withdrawal. Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 1 — Pension rules 424 (2) Condition A is that the sums and assets were part of the member’s unsecured pension fund in respect of the arrangement when the member reached the age of 75. (3) Condition B is that the sums and assets— (a) became held for the purposes of the arrangement after the member 5 reached the age of 75, or (b) if the arrangement is a relevant arrangement, have at any time since the member reached that age been designated as available for the payment of alternatively secured pension to the member. (4) A relevant arrangement is an arrangement which became a money purchase 10 arrangement after the member reached the age of 75 (having previously been a hybrid arrangement under which, in certain circumstances, defined benefits were payable). Alternatively secured pension year and basis amount for alternatively secured pension year 12 (1) “Alternatively secured pension year” means— 15 (a) the period of 12 months beginning with the day on which the member first becomes entitled to alternatively secured pension in respect of the arrangement, and (b) each succeeding period of 12 months. (2) When the member dies, the current alternatively secured pension year is the 20 last alternatively secured pension year and ends immediately before the member’s death. (3) But if by virtue of pension rule 2 alternatively secured income is to be paid to a person after the member’s death, sub-paragraph (4) applies instead of sub-paragraph (2). 25 (4) The last alternatively secured pension year is the earlier of— (a) the tenth alternatively secured pension year, and (b) the last alternatively secured pension year in which, under the arrangement, alternatively secured pension is to be paid. 13 (1) For the first alternatively secured pension year, the basis amount is the 30 annual amount of the relevant annuity which could have been purchased by the application of the sums and assets representing the member’s alternatively secured pension fund on the date on which the member first became entitled to alternatively secured pension in respect of the arrangement. 35 (2) For each other alternatively secured pension year, the basis amount is the annual amount of the relevant annuity which could have been purchased by the application of the sums and assets representing the member’s alternatively secured pension fund on the nominated date. (3) “The nominated date” is such day within the period of 60 days ending with 40 the first day of the alternatively secured pension year as is nominated by the scheme administrator (or, if no day is nominated by the scheme administrator, is the first day of the alternatively secured pension year). (4) Paragraph 14 defines “relevant annuity”. Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 2 — Pension death benefit rules 425 Relevant annuity 14 (1) A “relevant annuity” is an annuity of a description prescribed by regulations made by the Board of Inland Revenue. (2) The annual amount of a relevant annuity is to be ascertained in accordance with regulations made by the Board of Inland Revenue. 5 (3) The regulations may in particular provide for the annual amount to be ascertained by reference to— (a) comparative annuity tables published by the Financial Services Authority, or (b) material published by any other person. 10 Part 2 Pension death benefit rules Defined benefits and money purchase arrangements Meaning of “dependant” 15 (1) A person who was married to the member at the date of the member’s death 15 is a dependant of the member. (2) A child of the member is a dependant of the member if the child— (a) has not reached the age of 23, or (b) has reached that age and, in the opinion of the scheme administrator, was at the date of the member’s death dependant on the member 20 because of physical or mental impairment. (3) A person who was not married to the member at the date of the member’s death and is not a child of the member is a dependant of the member if, in the opinion of the scheme administrator, at the date of the member’s death— (a) the person was financially dependant on the member, 25 (b) the person’s financial relationship with the member was one of mutual dependence, or (c) the person was dependant on the member because of physical or mental impairment. Dependants’ scheme pension 30 16 (1) In the case of a pension scheme with fewer than 50 members, a pension payable to a dependant is a dependants’ scheme pension for the purposes of this Part if— (a) it is payable by an insurance company selected by the scheme administrator or, where the scheme administrator is an insurance 35 company, by the scheme administrator, and (b) it satisfies the condition in sub-paragraph (3). (2) In the case of a pension scheme with 50 or more members, a pension payable to a dependant is a dependants’ scheme pension if— (a) it is payable by the scheme administrator or by an insurance 40 company selected by the scheme administrator, and (b) it satisfies the condition in sub-paragraph (3). (3) The condition is that— Finance Bill Schedule 28 — Registered pension schemes: authorised pensions—supplementary Part 2 — Pension death benefit rules 426 (a) if the dependant is not the member’s child, the pension is payable until the dependant’s death or until the earlier of the dependant’s marrying or dying, (b) if the dependant is the member’s child, the pension is payable until the earlier of the dependant’s ceasing to be a dependant or dying, or 5 until the earlier of the dependant’s marrying, ceasing to be a dependant or dying, and (c) the rate of pension payable in respect of any relevant 12 month period is (except in excluded circumstances) not less than the rate payable in respect of the previous 12 month period. 10 (4) A relevant 12 month period is any 12 month period which— (a) begins on or after the first anniversary of the member’s death, and (b) ends before the day on which the pension ceases to be payable. (5) “Excluded circumstances” means that the reduced rate applies to all the dependants’ scheme pensions being paid in respect of members of the 15 pension scheme. Money purchase arrangements Dependants’ annuity 17 (1) An annuity payable to a dependant is a dependants’ annuity if— (a) it is payable by an insurance company, 20 (b) the member or dependant had an opportunity to select the insurance company, (c) it is a level annuity, an increasing annuity or a relevant linked annuity, (d) where the dependant is not the member’s child, it is payable until the 25 dependant’s death or until the earlier of the dependant’s marrying or dying, and (e) where the dependant is the member’s child, it is payable until the earlier of the dependant’s ceasing to be a dependant or dying, or until the earlier of the dependant’s marrying, ceasing to be a 30 dependant or dying. (2) “Level annuity”, “increasing annuity” and “relevant linked annuity” have the same meaning as in paragraph 3. Dependants’ unsecured pension and dependants’ alternatively secured pension 18 “Dependants’ unsecured pension” means— 35 (a) a dependants’ short-term annuity, or (b) dependants’ income withdrawal. 19 “Dependants’ alternatively secured pension” means dependants’ income withdrawal. Dependants’ short-term annuity 40 20 (1) An annuity payable to a dependant is a dependants’ short-term annuity if— (a) it is purchased by the application of sums or assets representing the whole or any part of the dependant’s unsecured pension fund in respect of an arrangement, © 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