Most people buy an annuity to provide an income in retirement. An annuity provides an income for life in return for the payment of a lump sum, normally from a pension scheme. There are various different annuities available from conventional annuities to investment linked annuities.

The amount of income paid will depend on the size of the fund and the annuity rates at that time. Also, the level of the annuity will depend on what options are selected in respect of guarantees, spouse’s or dependants pension and escalation of benefits in payment.

As an Independent Financial Adviser (IFA), we will use our independence and expertise to find you the most appropriate annuity for you based on your circumstances, needs and objectives.
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A guaranteed income for life

A Pension Annuity pays you a guaranteed income for the rest of your life. You can choose whether this is paid at the same level or an increasing level each year - and whether it increases by a fixed percentage or in line with inflation (measured by the Retail Prices Index).

What are the benefits?

• Guaranteed income. It promises to pay you a regular income for life, so it's a low-risk option.
• Income choice. Your pension income can be paid monthly, quarterly, half-yearly or yearly, either 'in advance' (this means that payment of your pension income will be from the start date) or 'in arrears' (payment will be one month, quarter, half-year or year after the start date, depending on your chosen payment frequency).
• Clear charges. Our charges for setting up and running your plan are taken into account when we work out your pension income. No further charges will be taken.