A recent report from the National Association of Pension Funds (NAPF) found that many pensioners are missing out on as much as £1 billion in potential income^.
Their advice is very simple – shop around. Not only does this allow you to seek out better offers, it also gives you the chance to consider different factors (such as inflation and health). The Association of British Insurers^^ suggest that as many as 49% of people have lifestyle issues (eg smoking, height to weight ratio) or suffer from health conditions (eg cancer, diabetes, high blood pressure, high cholesterol) which could increase the income they receive even further. Sadly, only 13% actually do anything about it.
Our retirement review service is designed specifically to help you to make the right choice – and maximise the income you receive. It is crucial that you take the right advice before you retire – as soon as your pension is in payment it is too late.
We take a detailed look at who you are, what plans you have, what can be done – and then seek out the best solution for you. As independent financial advisers we can find the best solution for your individual needs, as we are not tied to any providers or insurance companies.
If you would like more information, contact us and we can discuss the benefits, without any obligation on your part. It will take only a few minutes – but could end up adding hundreds of pounds to your income just when you finally have the time to enjoy it.
^ NAPF/Pensions Institute, ‘Treating DC members fairly in retirement’ Feb 2012;
^^ Association of British Insurers, ‘Annuity Purchasing Behaviour’, Sept 2010