How To Find The Best Enhanced Pension Annuity Rates

By Author: Windsor Harris
Total Articles: 61
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What could be simpler when you retire, other than getting the best income you possibly can from your accumulated pension fund? There are huge differences in the pension annuity rates of the top providers, there can be as much as twenty percent difference in income of the top five annuity providers which is why you need to ensure that you shop around the whole market.

The open market option was introduced to ensure that those retirees annuitizing were given a fair deal after saving for so many years in pensions. The option of taking your pension fund on a beauty parade may seem quite strange but it will ensure you have a comfortable retirement by getting higher annuity rates than your existing provider will offer. You do not have to buy your pension from the same company you saved with so take it to the open market and secure higher rates.

Reports suggest that there could be as many as sixty percent of retirees that do not get the best rates and therefore miss out on thousands of pounds of lost income throughout their retirement years. All those retirees that do not shop around, also never get to find out if they ...
... qualify for higher annuity rates because of lifestyle or medical conditions. These enhanced annuities as they are called are offered to those that have shorter than normal life expectancy as a result of their lifestyle or health.

Finding the best pension annuity rates yourself would be a very daunting task and therefore you should seek advice from a professional adviser and let them help you search the whole market for you. These brokers have access to providers that do not sell direct to the public and therefore have a much better chance of getting the best deal for you. Advisers also give help on the choosing the right type of retirement product from the wide range that are available.

Retirement pension annuity rates from the entire market using the open market option. Also, the open market will find you the best annuities.