Buying An Annuity


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Goldmine Media\'s efactsheets bundle will enable your business to generate further new business opportunities and add another layer of interaction, whether you\'re engaging with your business audiences online, by email or face-to-face.

The 22 efactsheets feature articles that include protection, both personal and business, retirement and investment planning and Inheritance Tax Planning).

Life assurance
Term assurance
Whole-of-life cover
Critical illness cover
Income protection insurance
Achieving financial security and independence
Financial Protection for you and your family
Making a will
Wealth protection
Business protection
Building a bigger retirement income
More than six million Britons over-50 look set to
retire on less than minimum wage
Financial independence
Self-Invested personal pensions
Pension consolidation
Planning for retirement
Buying an annuity
Wealth creation
The value of insurance to protect you income
Estate Planning
Is it time to get more flexible with your money?
Reducing your investment risk

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Buying An Annuity

  1. 1. Your company name, logo, (photo – if required),contact details and regulatory details here.Embedded links to your website address and email address here. Colour themed to match your branding. Buying an annuity Why shopping around for an annuity could increase your income Thousands of people should end up with bigger pensions If you are approaching retirement it is as new rules will force insurers to inform customers about essential that you receive the best better annuity options. The Association of British Insurers’ possible advice when buying an annuity. (ABI) new code of conduct forces insurers to give more To get the most out of your pension information about how consumers can ‘shop around’ for a savings fund you should be confident that better deal, while ensuring that those with health problems you are making the right decisions about receive a higher income as a result. your retirement income. To discuss how we could help you, please contact us for Buying the wrong type of annuity further information. Currently, according to the ABI, more than half of all investors who buy an annuity – which pays a fixed income A pension is a long-term investment. The fund value may for life – simply buy the default annuity deal from their fluctuate and can go down as well as up. You may not get current pension provider. As a result many end up buying back your original investment. Past performance is not an the wrong type of annuity or effectively locking into an indication of future performance. Tax benefits may vary uncompetitive pension deal for the rest of their lives. as a result of statutory change and their value will depend Shopping around for the best annuity deal could increase on individual circumstances. This is for your general the size of a pension by over a third. A recent report information and use only and is not intended to address from the National Association of Pension Funds claimed your particular requirements. It should not be relied upon that this was costing pensioners more than £1bn in lost in its entirety and shall not be deemed to be, or constitute, retirement income. advice. Although endeavours have been made to provide accurate and timely information, Goldmine Media cannot Benefits of shopping around guarantee that such information is accurate as of the date The new rules stop insurers from including an application it is received or that it will continue to be accurate in the form in the information pack sent to customers future. No individual or company should act upon such approaching retirement, making it less likely that people information without receiving appropriate professional will simply buy the first annuity they see. These ‘retirement advice after a thorough examination of their particular packs’ have been redesigned to place greater emphasis on situation. We cannot accept responsibility for any loss as a the benefits of shopping around. result of acts or omissions taken in respect of any articles. Thresholds, percentage rates and tax legislation may Crucially, where insurers are selling an annuity to one change in subsequent Finance Acts. of their existing customers, they will be required to ask about their circumstances and medical conditions before providing a quote.