Clearer Guidelines for Annuity Providers

Anyone who has already dipped into the open market to explore annuity options will realise that not only is there a wealth of choice available but that it can all be quite confusing. Add to this the obfuscation in the literature of any existing pension providers and arranging your retirement funds can be quite a daunting prospect. Thankfully, the Association of British Insurers (ABI) have published a guide that is designed to improve the communication between pension providers and imminent retirees, meaning that the decision process should become easier and clearer to understand.

The ABI are also planning to release a template form for customers that is designed to make the process easier. In the meantime, it is crucial to explore the options available and we at Annuity Market are here to help.

Get a free annuity quote now and we will put you in touch with independent financial advisors (IFA) that will be able to deal with your situation individually to make sure you get the most from your retirement. Our IFAs can also help you to maximise your annuity income with our ‘Right Choice Report’ and the invaluable annuity calculator.

You can see the ABI guide here.