News Archive - July 2008
The Open Market Option
01/07/2008When markets are falling it is more important than ever to squeeze the most out of your pension fund.
For most people with a personal pension, accessing your pension means
using the accumulated fund to purchase an annuity. In its simplest form,
an annuity will provide a regular income for the rest of your life. Various
option such as guaranteed periods, annual increases and spouse's pensions
can also be added, but the basic idea is the same.
One feature of the annuity market is that it is very competitive and the
best annuity rates change constantly. This means that it is very unlikely
that your pension provider will be the company with the best annuity rate.
Despite this, many people still buy their annuity from their pension provider.
Annuity specialists Just Retirement estimate that this results in pensioners
missing out on £500m each year in lost pension income.
This is an area where a pension specialist IFA like Mulberry Financial can really help.
We search the market to get the best annuity rates and we can also obtain
enhanced rates for those in poor health. We will explain the different
annuity options and help you to decide which ones are important for you.
You only get one chance to buy your annuity - providing an income to last
you and your spouse the rest of your lives - so why would you do it without
any advice?
If you are approaching retirement, please call us for a free initial discussion.
The material here is for general information only and is not intended to be relied upon for individual investment decisions. Appropriate independent advice should be obtained before making any such decisions. Mulberry Financial Ltd does not accept any liability for any loss suffered by any user as a result of any such decision.
The information is based on our understanding of current HMRC rules and practices (as at the news article date) which are always subject to change. Taxation and trust advice and Cash ISAs are not regulated by the Financial Conduct Authority. This site is aimed at UK residents only.
Please remember that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. Past performance is not necessarily a guide to the future.
News archive 2017
Mar | Feb | Jan |
News archive 2016
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2015
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2014
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2013
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2012
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2011
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2010
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2009
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2008
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |
News archive 2007
Dec | Nov | Oct | Sep | Aug | Jul | Jun | May |