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- Our Service
- Annuities Explained
- Shop Around
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We have researched the whole of the market to select a panel of competitive annuity providers, offering a wide range of options.
Our annuity experts will get to know you, your circumstances and retirement income priorities.
With our expert non-advice annuity service we provide all the information you need to help you choose the right annuity for you.
- What level of Pension Commencement Lump Sum you require (Tax Free Cash).
- What (if any) spouse or dependants benefits you require.
- Whether you want to guarantee your income for a set number of years even following your death.
- Whether the income is level or increases each year.
Each of the options available have different features and benefits which will affect your annuity income. We will also look at your health and lifestyle as you may qualify for an enhanced annuity, which pays a higher level of income according to your health or lifestyle.
Once you have selected your options we will provide full details of the income terms available from our panel so you can make an informed decision.
What’s more, our service is completely free to you. We receive commission from your chosen annuity provider. So you have nothing to lose.
How you will spend and fund your retirement years needs much consideration.
The world of pensions can be a complicated place, yet critical for ensuring your future financial security.
A place to start…
There are three main types of pension.
- State Pension; payable to those entitled, who are over state pension age.
- Private Pension; set up by individuals with a bank, building society or insurance company, where funds are invested on your behalf.
- Company Pension; set up through your employment, where payments are made by yourself, your employer or both. With company pensions, there are final salary schemes (calculated on your salary and years of service) and ‘money purchase’ (involving an investment similar to a private pension).
If you have a private pension or ‘money purchase’ company pension, you will use a Pension Annuity to convert the funds you have built up into a regular income which is paid for the rest of your life, tailored to your circumstances.
When you are ready to receive your income, your current provider/s will write to advise you of your fund values and tell you how much income you would receive from them.
At this point, it is time to use your ’open market option ’ and shop around for the best deal. If you fail to do so, you could be missing out on a greater retirement income for the rest of your life. Plus, with our expert annuity service we can do all the work for you.
* Figures based on best and worst rates 15/06/2010.
Remember, once you have purchased an annuity it cannot be changed. It is vital you find a service which helps you find the right annuity as there is no second chance.
Let Key find the right annuity for you.
Call us FREE on 0800 331 7711 or fill in your details below and we’ll call you back.
