Retirement: If your Annuity adviser or broker doesn’t ask you these questions, it’s time for a change

Time to learn conceptual imageBuying an Annuity is a big decision; in fact it’s probably the largest single purchase you will ever make after buying your house. To add a little more danger or excitement, depending on your point of view, once you’ve bought a Lifetime Annuity it can never be changed. If you make a mistake, choose the wrong option, or don’t get the best Annuity rate, there’s nothing you can do ...

Retirement: Considering Flexible Drawdown? Three things to do before the end of the tax year

Considering Flexible Drawdown Three things to do before the end of the tax yearIntroduced a couple of years ago, Flexible Drawdown has given an additional option to would-be retirees, who want to convert their pension pot into an income. Essentially, Flexible Drawdown was designed to allow those people who qualify, greater access to their pension fund; in fact, unlike other options, it allows unlimited access. Flexible Drawdown rules Flexible Drawdown works in a very similar way ...

Retirement: The Purchase Life Annuity, the best kept secret of retirement planning?

Retirement: The Purchased Life Annuity, the best kept secret of retirement planning?Most people approaching retirement have heard of an Annuity, we'd hope the message about the benefits of Enhanced Annuities is getting through to would-be retirees too, but the close cousin of both, the Purchase Life Annuity, is still in many ways the best kept secret of retirement planning and in our experience often overlooked by IFAs. We thought we'd take a look at the Purchased Life Annuity, or PLA ...

Retirement: How to buy an Annuity

We regularly write articles about Annuities, often looking at topics such as why Annuity rates have fallen, the options  available to you, the importance of using the Open Market Option, and Annuity alternatives. However, we thought we would go back to basics with this article and look at the stages involved in buying an Annuity and what an Independent Financial Adviser (IFA) does when arranging an Annuity on your behalf. So what should an IFA do when arranging your Annuity? Stage 1: Understand your requirements Successfully buying an Annuity isn't simply about finding the best rate, although that is clearly important....