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....