This section details the terms used in relation to pension annuities. Annuities are a complex financial product, meaning that some of the terms may be unclear at first. Use the annuity glossary as a guide to better understand what Read more…

Some people may not need the security and regular payments provided by a conventional annuity. In this instance, there are alternatives to buying an annuity, the most common of which are detailed below. Why would I not buy an Read more…

When economic conditions are uncertain, many people may choose to put off buying an annuity with their pension. This is known as delaying your annuity. For instance, if a pension fund is linked to an investment fund, and this Read more…

Once you have filled out a pension annuity application, the retirement specialist will send a number of important documents. The pension holder should read these documents carefully to make sure that they are the best retirement solution. These documents Read more…

Boosting your annuity could help you enjoy a more secure retirement, with larger annuity payments. Thousands of retirees could increase their annuity by applying for an impaired annuity that provides a higher income for those in ill health or Read more…

An annuity guarantees an income for life so for many people, even following the significant changes to pensions legislation which has given greater freedom and more options open to those about to retire, this will probably still be the Read more…

Once you have decided that you wish to purchase a pension annuity, it is time to work out exactly which annuity suits your retirement needs. This will depends on your own needs and the needs of your family. Pension Read more…

Many people are entitled to the state pension. Even though you are planning an annuity, you should bear in mind the retirement income that will come from your State Pension benefits. Other forms of retirement income can include other Read more…

When you receive a quotation from your pension provider, you may wish to shop around to try and find a more attractive annuity. This is called taking the Open Market Option. By law, you are entitled to take the Read more…

When a pension provider issues an annuity quotation, there could be a considerable difference between the amount offered, and the annuity income that the pension holder could actually receive. It is worth remembering that retirement income can change in Read more…