Direct Annuity

For advice or quotations for any type of annuity, with no obligation, please call one of our qualified advisors
0845 365 2410 quoting ref WS9
(Advisors are available Monday - Friday during normal office hours)

Please Select The Type of Annuity Quote or Advice You Require and Click GO
I want a standard pension annuity quotation (includes fixed and variable rates).
I want an impaired life pension annuity quotation (includes fixed and variable rates).
I want a smoker pension annuity quotation (includes fixed and variable rates).
I want a purchased life annuity quotation (not for pension funds).
I want a quote for an immediate care annuity.
I want a quote for long term care annuity.
I want to discuss my annuity options with a financial adviser (no obligation).
I want advice regarding a pension transfer.

Direct Annuity

Having spent many years building up a retirement fund, it is surprising how many people are willing to settle for second-best when it comes to arranging their lifetime income from this pot of money, even though it is frequently the largest asset they possess apart from their home.

Many people think that by dealing direct with an annuity provider they will cut out the adviser and thus obtain a better deal.

Whilst the first part is right as they don't receive any advice, they do not necessarily obtain a better annuity rate. The Annuity Rates quoted direct to the public by providers are invariably the same as those obtainable through an adviser, and include an allowance for the cost of advice even though none is being given. In other words people are paying for annuity advice but not receiving any; the worst of both worlds.

Although what an annuity does is relatively simple to understand, i.e. you exchange your pension pot for a lifetime income, normally guaranteed, the choices are quite complex. Unlike most investment vehicles you can't alter an annuity once it has been set up, so you have to live with whatever decision you make for the rest of your life.

An independent financial adviser should check the whole market place for competitive rates, and discuss the possibility of an Enhanced Annuity if you smoke or have had any health problems; they should also explain all the Annuity Options to you, some of which you may not have been aware of. It pays to use an adviser who specialises in retirement income, as it is a complex field in which many general practitioners are not well versed.

In addition, if your pension fund is reasonably large (for example over £150,000) some advisers will reduce their commission and thus increase your income; this is a benefit you will not get if you deal direct with a provider. Thus it can be possible to obtain good quality advice and end up with a better annuity rate; the best of both worlds.

UK IFA NET provide fully independent Annuity Advice for your individual requirements. Simply click for a quote. Alternatively speak to one of their highly experienced consultants today on 0845 365 2410 quoting ref WS9 or fill out our online quote request form and one of their advisors will contact you.