Annuities
Find the Best Annuity Rates
Make sure you get the best annuity rates by using your Open Market Option. At Retirement Solutions, we can get you the best annuity quotes from the whole market and advise you on your likely eligibility for enhanced annuity rates.
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Pension Drawdown
Pension Drawdown an alternative to Annuity
When you reach retirement, you have two main options: the first is to purchase an annuity, or secondly you can defer buying an annuity by taking what is called a Pension Drawdown plan. This is sometimes referred to as capped income drawdown.
Find Out MoreThere are some 450,000 annuities sold every year in the UK. Everybody that reaches retirement and has saved in a pension scheme has the right to the open market option. You do not have to purchase an annuity from your current pension provider you can shop on the open market to find the best annuity rates. A specialist annuities intermediary could help you increase your annuity income considerably.
Income Drawdown
Many people do not want to purchase an annuity immediately, this could be because they do not feel that annuity rates are good value at that time or because they want a more flexible way of taking retirement income. Income Drawdown allows you to take an income between zero and 100% of the Government Actuaries Department rate for your age. Income Drawdown is for the more sophisticated person and there are risks. Seek independent financial advice to find the best income drawdown.
