Retirement: “Buy your Annuity now”, should you believe your adviser?

Getting the timing right on an Annuity purchase can be tricky, rates are falling almost daily, and many people are torn between buying now before rates drop further and waiting to see if rates, or indeed the pension fund, rise. So, when your adviser tells you to buy an Annuity now, one of the natural reactions might be to think that he or she wants you to buy now so they benefit from a commission payment. We thought we would take a look the three most common reasons people give for delaying their Annuity purchase and examine whether an adviser is ...

6 Common Annuity mistakes

Whether you are thinking about buying an Annuity now or indeed do not need to make a decision about which Annuity to purchase for a little while to come, we thought it would be useful to highlight the six mistakes most commonly made when it comes to this all important decision. 1. Not using the Open Market Option This is probably the most common mistake, made by nearly two thirds of people (Source: Pension Income Choices Association). The facts are simple, you may well get a significantly better income from your Annuity if you shop about. If you don’t check you will never know, ...