Annuities and

Retirement Options

Annuity finder - big or small you need to make the most of your accumulated pension pot when you decide to draw the benefits. If you have personal pensions, stakeholder pensions, AVC's or Free Standing AVCs (FSAVC) or what are called Occupational Money Purchase Schemes which means Employers schemes that are not Final Salary schemes (where you have a fund value that can rise and fall). You have the option to take your funds and buy your pension income (Annuity) with the best company in the market. There can be as much as 25 per cent difference between the best and worst so it is important that you get the right advice.

There are also different types of Annuity - guaranteed, investment, with profits, fixed term and impaired life. Annuities are the reverse of life assurance, if you are in poor health this could affect your life expectancy and you may be able to get a better annuity rate. Your personal circumstances and objectives will dictate which type of Annuity is best for you.

Financial Solutions will assess your current pension plans and look at the options were you to buy an annuity with the current holding company. We will then research the market taking account of your objectives, state of health and the level of risk (if any) you are prepared to take for the most suitable Annuity for you. We will complete documentation on your behalf and arrange for the transfer of funds, payment of tax-free cash and income. We can also provide advice on investment of tax-free lump sums to boost your income or geared for capital growth.