Retirement can be a time of mixed emotions. For many people it can be an unsettling time whilst others embrace the freedom and opportunity that retirement brings. Either way it is vital that you are guided through the myriad of choices to ensure you choose the correct option for you at retirement, thus ensuring you maximise your income and secure your long term financial future.
Here at Verity Wealth Management we specialise in helping all clients (both new and existing) obtain the best possible and most suitable annuity rates at retirement, which may not incidentally come from your existing pension provider.
Your Annuity Purchase is one of your Life’s major financial decisions and one you do not want to get wrong; once the annuity purchase is made, the income you receive from the option selected is with you for the remainder of your life.
Many people are unaware that they can choose their annuity provider at retirement by utilising their “Open Market Option” this allows us to shop around on your behalf to see if a better alternative income is available to you when compared to the pension your existing provider is currently offering. Depending upon your current lifestyle and health situation, increased annuity payments are available for many reasons, these can include; smoking, whether or not you have previously been in hospital, or even depending on any prescription drugs you may currently be taking or have taken in the past.
As we specialise in helping people review their options at retirement, why not ask us to help you look at all your retirement options? Annuity Campaign Poster
We have listed below some examples of our clients where we have been able to obtain increased annuity payments on their behalf from a number of providers, together with details of the percentage increase in rates we actually achieved for them:
Clients – One
Male aged 64 – Female aged 63½
Male has suffered from -
Female has previously received Chemotherapy treatment
We obtained an uplifted annuity on their behalf of 27.8% compared to what their existing provider offered.
Clients – Two
Male aged 63 -
Male is now fully recovered from a previous stroke but suffers currently from Blood Pressure problems and a Sticky Heart Valve
Female suffers from Asthma and a Hiatus Hernia
We obtained an uplifted annuity on their behalf of 35.16% compared to what their existing provider offered.
Clients – Three
Male aged 64 – Female aged 59
Male currently suffers from High Blood Pressure
We obtained an uplifted annuity on their behalf of 4% compared to what their existing provider offered.
Clients – Four
Male aged 59 -
Male is a Smoker
Female suffers from High Blood Pressure, MS, Underactive Thyroid, Arterial Fibrillation
We obtained an uplifted annuity on their behalf of 32.5% compared to what their existing provider offered.
Clients – Five
Male aged 60 – Female aged 61
Neither client suffered from any health condition or smoked
We obtained an uplifted annuity on their behalf of 4.56% compared to what their existing provider offered.
Even if you do not have any medical conditions it is still possible that better annuity rates can be obtained by shopping around and using an Independent Financial Adviser to research this on your behalf.
The value of an investment and income from it may fluctuate with investment returns and is not guaranteed and you may not get back the full amount invested.
As Independent Financial Advisers, we have access to a wealth of research from many various sources. By using our extensive knowledge of the Retirement Income market place; we may be able to increase your pension annuity income in retirement by obtaining a better pension income through changing provider or even staying with your current provider but providing them with additional information in order to assess your individual circumstances.
You have nothing to lose and everything to gain, why not call Verity Wealth Management to see what we can do to increase your pension annuity.
Contact us to discuss the possibility of increasing your pension income in retirement
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Chartered Financial Planner
Stephanie and James cover Tyneside, Wearside and Durham and are happy to meet you at home, office or place of work as you prefer.
CALL US: 0191 516 6353
or 0191 252 9318
The information contained in this website is targeted at UK consumers and businesses.
Verity Wealth Management LLP is authorised and regulated by the Financial Conduct Authority
Verity Wealth Management LLP is a Limited Liability Partnership
Verity Wealth Management LLP. Registered office and Postal address: Suite 11, The Hub, New Century House, Crowther Road, Washington,
Tyne and Wear, NE38 0AQ
Tel: 0191 516 6353 or 0191 252 9318. Email: firstname.lastname@example.org. Registered in England Number: OC342327 -
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