A financial services firm has called on retirees to buy their pension annuities, rather than waiting. Annuity rates have been rising across the pensions market and this represents a better deal for those people retiring and wanting to secure their pension income.
Whilst people should not feel forced into buying an annuity, the detriment of waiting could be large. If in doubt, get some quotes and shop around.
Our View
Gilt yields that affect the price of annuities are at their highest rate in almost 2 years. If you shop around for the best rate you can maximise the amount from your pension. For those people that smoke or have illnesses, even better rates can be achieved.
We have access to the whole annuity market and can help you to get a better deal.