Buy now and pay later – When should you buy an Annuity?

We are often asked by clients when should they commit to buying an Annuity. If you are approaching retirement or thinking that it may be time to stop working sometime soon then it's important not to underestimate the timing of this crucial purchase. We thought we’d take a look at some of the reasons why you might by your Annuity now and also some possible reasons why you may want to delay the purchase.

How could your pension be linked to world events?

On the face of it you wouldn’t think there was a link between events in Ireland, Greece or indeed Korea, however if you are about to buy an Annuity with your pension you could be majorly affected. Why is this? As they near retirement most people’s minds wander to consider the sorts of things they might like to do with their time; seeing more of the grandchildren, more time in the garden or perhaps visiting those far flung places that they always dreamed of seeing.