Annuities: 12 things you will have to do yourself if you don’t use an IFA to arrange your Annuity

iStock_000016864850XSmallIf you are approaching retirement and considering how to turn your pension pot into an income, one of the main routes open to you is an Annuity. Whilst most people focus on getting the best Annuity rate, this is only part of the story; there is much more to this decision than meets the eye. Let’s start with the basics, how can you buy an Annuity? There are three ways:...

Retirement: Retiring soon? 5 lessons we can learn from Channel 4’s Dispatches programme

Retirement savingsEarlier this week Channel 4’s Dispatches program looked into retirement and asked: “What’s your pension really worth?” The program featured many of the great and the good from the pensions industry as well as a a brief interview with Steve Webb, the Pensions Minister. It focused on four main areas: How much you need to pay into your pension Annuities and the options available at retirement The perils of ‘pension liberation’ Is property a better option than a pension? But in half an ...

Annuities: Why you need to tell your Annuity adviser everything!

Why you need to tell your Annuity adviser everything!The threat of fraud, identity theft or simply being cold called, means we’re all increasingly cautious about the amount of personal information we give away. But there’s one time when being open will benefit you for the rest of your life. When? Retirement, specifically when buy an Annuity. Our advisers ...

Buy now or later? When is the right time to buy your Annuity?

We are often asked when the right time to buy an Annuity is. As you approach retirement, more and more questions will pop into your head: Should I wait until I actually retire? Should I buy my Annuity now? If I wait will Annuity rates have fallen further? If I buy now will Annuity rates rise in the future? Will I pay more tax if I take my Annuity whilst I’m still working? It’s enough to confuse anyone so we thought we’d look at this in more depth and compare the pros and cons of buying your Annuity now or waiting until you actually retire....