Best answer:

They can do both or either. Personally, I think that you should use a fee-only Certified Financial Planner. That way they have no financial interest in what you buy or invest in.

More correctly and frequently called Unsecured Pension, this is an alternative to buying a penison annuity which is flexible and powerful. Pension Income Drawdown is a popular and attractive arrangement for UK Pensioners to consider at retirement, but they are not without their problems. Charges within Pension Drawdown can have a massive impact on their effectiveness so one should seek financial advice if considering the drawdown option.

This short presentation will inform you about your choices and the options. Pension Income Drawdown is not for everyone.

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Talk to an independent financial adviser to discover these withdrawal limits and how they affect your account. Transferring to income drawdown is a big decision; call an expert to deal with the more complex matters relating to it. Find a local Income drawdown adviser today!

Advisers who work for a particular institution are likely to try and sell you their company’s product instead, neglecting to mention its flaws while overlooking better options. When you are dealing with something as important as a pension, a financial adviser is the only choice as they will give the best advice for you because they have no affiliations or allegiances.

Expect to need at least £100,000 to benefit from the convenience and flexibility of income drawdown. The knowledge of a financial adviser is paramount in order to choose the option that will enable you to withdraw money freely while still having enough in reserve for retirement.

To compare annuities you must first decide what it is you need from the annuity. Then you can read all the small print to find the products that meet your criteria. Once this is done you can look at rates and with some degree of confidence know that you are comparing like for like in terms of the effectiveness and appropriateness of annuity for your life. The problem is that this process is not simply a matter of looking through rates. It can be very complex and a moving beast with new products coming into and leaving the open market.

Contact an independent financial adviser and use their skills to compare annuities. Only by conducting research with an expert in the field can you expect to compare and find the best annuity option for you.

Annuities come in all shapes and sizes with certain organizations simply offering vastly superior terms to others. Yet finding the small print eludes most consumers. This is why you should seek annuity advice before retirement.

One area retirees often seek advice is to understand what happens to their pension when they die. Death benefits for spouses and dependents can vary massively between products and annuity providers.

Once an annuity is purchased, you must stick with it for life. Therefore, the knowledge of an independent financial adviser should be utilised to ensure the best results. Seek annuity advice today or risk losing thousands of pounds over the course of your lifetime.

You will probably have been offered the option to purchase your annuity from your pension provider. Statistics show that it is wise to shop around on the open market as it may be possible to get up to 40% more income than just taking the first annuity offered.

Annuities can be complex. This could be the most important investment you ever make. That is why it is critical to speak to an independent financial advisor who can help you make the best choice when purchasing your annuity.

Do you know whether you want a fixed or rising income? Do you have the financial resources to make income drawdown a wise choice? Do you qualify for an impaired life annuity? There are lots of questions that need to be answered before you settle on your choice of annuity or income drawdown.

Use a local annuity adviser that is independent, which means he/she can give unbiased advice with your best interests at heart. Look for a local independent financial adviser to give you that edge when it comes to increasing the value of your pension savings. Independent financial advice nowadays means that the IFA cannot just sell you the product that attracts the most commission. They must have very good reasons for choosing one product over another and will have compliance reviews to ensure that their recommendations are appropriate and in the best interest of their clients.

Remember that getting an annuity on the open market could make up to 40% difference to the income you retire with. Make sure you get the best income you can whilst getting the features and benefits you need from your annuity purchase. Talk to your adviser about death benefits, about single or joint life, about ensuring you get an income that is not left behind by other products in the future.

A Bleak Future
A 65 year old male would have received a generous annual payment of £1,145 with a £10,000 investment back in 1994. Today, that individual would be lucky to receive over £600 per annum. Even more galling is the fact that this research is based on common annuities which do not rise with inflation. This essentially means that the value of the money has also decreased. Choosing the wrong annuity amid the throng of bad current annuity rates could see you being forced to work well into your 70s.

The reason why fixed rate annuities are so popular is because they offer a guaranteed income for life. The alternatives are risky investments related to the stock market which has also performed abysmally in the last decade. This is why the awful current annuity rates are so damaging to the general public. Most private sector workers are on defined contribution pensions. Once they retire, they cash in their pension to purchase an annuity but current annuity rates have ruined the retirement dreams of many.

The services of independent financial advisors have never been so crucial. Their skill and expertise will help you find the best of a bad bunch of current annuity rates. They may even find a value for money return on investment. You must place your pension in their capable hands. Having faith in their abilities is likely to earn you a reward. Fill in the form and speak to an independent financial advisor who can hopefully find a pot of pension gold at the end of a torrid rainbow.