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Annuity & Drawdown Answers UKBrought to you by Retirement Solutions (UK) LtdAsk us a question or receive a FREE annuity quote or drawdown informationComplete the form below and uncover the shocking differences in pension incomes. The quotation service is completely FREE and there's no obligation to proceed. |
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I thank you for ringing the best out of my situation for me and doing your level best to provide me with the kind of pension that I had planned for these last 18 months or more. I will have no hesitation in recommending your services for anyone at the same stage in their lives as I am.
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Questions & Answers
Q ) Who Are We?WHO IS THE COMPANY BEHIND ANNUITY & DRAWDOWN ANSWERS UK?A )Retirement Solutions (UK) Ltd are Financial Conduct Authority (FCA) registered financial specialists and one of the UK's best known retirement income experts.Q ) Why Should the Annuity or Drawdown Buyer Beware?WHY MANY RETIREES IGNORE A MUCH BIGGER INCOMEA )A financial specialist may be able to secure several thousand pounds more for you from providers other than your pension provider.Q ) What is Open Market Option?AVOID MAKING A HUGE MISTAKEA )The Open Market Option allows those nearing retirement to shop around for options to convert their pension fund into income. Rather than just taking the rate offered by your pension provider, you now have a choice.Many still don't use the Open Market Option because they either don't realise they can or are unaware of the benefits of doing so.It has been claimed that retirees who don't use the Open Market Option and take the default annuity offered by their pension provider may be missing out on up to 40% more income. It is important to note that once an annuity has been purchased it cannot be changed.Q ) What Makes Open Market Option Attractive?SHOP AROUND FOR A HIGHER INCOMEA )You can get more from an annuity if you shop around. You may qualify for what is known as an Enhanced Annuity (sometimes known as an Impaired Life Annuity).This pays a higher income to people who suffer from a range of health conditions - anything from asthma to heart disease, cancer or stroke. Additionally, higher rates are sometimes offered to people who have retired from certain occupations or people who live in certain parts of the country.To make the most of the Open Market Option it is important to speak to A Financial specialist who will explain the different retirement options available.Q ) But What Actually is an Annuity?THE BASICS EXPLAINEDA )An annuity is an arrangement where you make a lump-sum investment. From this investment you receive a guaranteed level of income. Basically, an annuity converts a savings fund into income and that income will be paid to you for the rest of your life.An annuity is payable for your lifetime, although it is possible to select a fixed period if purchasing an annuity with cash rather than pension funds.You are then entitled to use your Open Market Option, which allows you to transfer the fund value to another annuity provider of your choice.This enables you to take advantage of a higher annuity income which may be available from a different provider. ENQUIRE NOW FOR FREE |
A SELECTION OF OUR ANNUITY AND PENSION DRAWDOWN PROVIDERS
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