Get A Higher Pension Income

The introduction of unisex annuity rates in December may result in lower annuity rates for men. However, many people could more than make up any shortfall by getting competitive annuity quotations. The Observer cited a case of a man who got a 15% higher lifetime income from his pension fund after consulting a financial adviser because the quotation given by his pension scheme did not take into account the fact that he had diabetes, which meant he qualified for an enhanced annuity rate.

If you are about to retire, do not accept an annuity quotation without asking us for comparisons – it could make a significant difference to your retirement income.