Open Market Option Annuities
Open Market Option Annuity
Your pension company may want you to choose its own annuity offering, but the law says you don't have to. Everyone has the right to use the 'open market option', to shop around and choose the annuity that best suits their needs. There can often be a significant difference between the highest and lowest annuity rates available.
Some insurance companies will pay a higher income if you have certain medical conditions. These specialist insurers use this to your advantage and will pay you a higher income because they calculate that, on average, your income should be paid out for a shorter period of time.
Independent Annuity Advice
For the lastest annuity rates and a personalised assessment of your pension/ annuity please speak to the independent annuity advice team from one our partner firms for a no obligation consultation.
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