If you are looking to take your retirement benefits soon then the chances are you have built up your retirement fund in one or more of the following types of plan:
- Personal Pension
- Stakeholder Pension
- Section 226 Retirement Annuity
- Section 32 Buy Out
- AVC Scheme
- Executive Pension Plan
- Company Sponsored Scheme
If this is the case then you will be given an illustration by your current pension provider showing the amount of pension and tax free cash sum they are prepared to give you. You do not have to accept this figure and instead can move your pension fund to another pension provider, who may be able to offer you a better deal.
This is known as taking the "Open Market Option".
Annuity rates are constantly changing, so we will check the rates on offer for you and if we can improve your terms arrange for your fund to be transferred. It is not uncommon for us to find rates as much as 20% better with a specialist annuity provider than if you had remained with your host insurer. If the terms on offer are not as good then you remain with your existing provider, but at least you will know you have the best deal for you.
Please click on the Contact tab above, complete your details and one of our advisers will contact you to obtain more information and, hopefully, lead to a substantial increase in your retirement income.
The Atkinson White Partnership Knowledge Centre has been designed to provide our clients with access to our personal finance magazines and financial guides which are packed full of informative and relevant financial news.READ MORE