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We applied to you from an article in the Daily Mirror, as my husband was getting confused about what he should do with the money in his personal pension, and the pension providers were not very helpful. A lovely lady telephoned my husband and explained what his options were, in language which a layman could understand. We are both so pleased with this excellent service,we would heartily recommend it to anyone. Lin and Mick Bentley

I am writing to express my sincere appreciation and great satisfaction for the work personally done on my behalf in the acquisition of an excellent annuity rate. The actual rate obtained for me has resulted in an increase of around 27% to my income which is hugely significant to me in retirement. I have no hesitation in recommending Retirement Solutions to anyone in the process of searching for the best deal for their Open Market Option funds transfer. Mr. P. Burke

We found your service from start to finish exceptional, indeed that is why we came back a second time and will do again next year. Mike Bloy

"The service, attitude, helpfulness and efficiency of the staff I have dealt with have been excellent. I have been informed and helped every step of the way in dealing with all the transfers they couldn't have made it any easier. I would recommend Retirement Solutions to anyone, being confident that they would be thoroughly looked after and that the best deal for them would be attained." Keith Hibbert

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. Les Jackson

Thank you ever so much. If you guys ever need a reference please do not hesitate to give my contact details to anyone. Your service is First Class! Graham E. Ham

I am so happy and grateful to you for the way you handled my retirement pension. It was so expertly handled that the stress factor was minimal and the whole process went without a hitch. So, Congratulations on doing an absolutely brilliant job! Shiraz Alibhai

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 INCOME

A )

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 MISTAKE

A )

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 INCOME

A )

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 EXPLAINED

A )

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.

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