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More about annuities

Annuities may seem like a very simple policy; you give your money to an insurance company and in return they will pay you a guaranteed income for the rest of your (and your partner’s) life.

It looks simple!; - All you have to do is find an annuity website or a commission only broker, give some information including details about your health and you will get the highest income.

Wrong – If you want the best annuity for your circumstances there is much more to it than simply finding the highest annuity rate. Before you purchase an annuity (or any other solution e.g. drawdown or fixed income plan) you owe it yourself to make sure you have asked the following three questions:

3 Key Questions
  • Do you understand all the key issues?
  • Have you followed the 3 Golden Rules of annuities?
  • Will you be getting the best possible deal – i.e. highest income / competitive fees?


Key Issues

Before you make an important decision you should make sure you understand some basic retirement planning issues.

  • What are your objectives
  • How much investment risk are you willing or able to take?
  • What are worried about the most?

Golden Rules

  • Work out when is the right time to purchase an annuity
  • Don't forget to take your spouse or partner into consideration and what about inflation?
  • Make sure you have considered all the relevant options

Annuity Shopping

Shop around for the best annuity rate

You don't have to arrange an annuity with your current pension provider - You can shop around for the best annuity rate.

William Burrows

Offices in London, Northampton and Cardiff

Call: 07730 435 657


William Burrows / Retirement Intelligence Ltd
International House
24 Holborn Viaduct
Better Retirement
400 Pavilion Drive
NN4 7PA 

If you need help or advice - Contact us

As one of the most respected specialist retirement advisers, William Burrows and Better Retirement will be pleased to help you make the right decisions at any stage of your retirement journey.

Call or email now for a free and without commitment chat.

This website is run by William Burrows and publishes generic information on annuities, drawdown and other related retirement income matters. Any information you use is at your own risk and does not constitute financial advice.

If you require financial advice you will be advised by Better Retirement where William Burrows is authorised to give investment advice. Better Retirement Group Ltd is authorised and regulated by the Financial Conduct Authority, reference number 153420.