As the pensions market has changed significantly over the last 20 years, you may find yourself with whole array of different schemes from different providers and employers and are facing the daunting task of bringing them all together to give you cash and income in retirement.

Choosing the right annuity is one of the most important financial decisions you can make. The right choice can make a significant difference to the money you will have available at retirement.

You will need to consider if you want your annuity single or joint to incorporate a Widow/Widowers pension, if you want it inflation proofed to combat the ravages of price increases over the years, especially as we are now living longer and you need your income to last. You will want to consider guarantee periods or even the ability to leave partial lump sums to your estate on your death.

You do not have to buy your annuity from the company who you saved with for your pension. Everyone has the right to take their pension fund at retirement and shop around for the best annuity deal. This is often known as the ‘Open Market Option’ and can significantly increase your retirement income for the rest of your life.

You will only get one opportunity to shop around and once you have committed to an annuity provider and started to receive an income the decision cannot usually be reversed. As independent financial advisers we are in a position to look at the whole market place and conduct a full review and analysis of what you have, to ensure you get the best possible terms available from either your existing providers or even new ones.

We can help you make the right decision, and depending on your medical history you may be eligible for a further income boost as a result of qualifying for an enhanced or impaired annuity which pays additional income to people with health and related lifestyle conditions.