Once you’ve chosen your annuity, there’s no turning back – so making the right decision is essential. Here’s how Moneyfacts Annuity Service can help you:
Provided by: Premier Retirement Services
For more information: Call 01737 233 435 (quote MF106 when you call)
Lines are open Monday to Friday, except Bank Holidays, 9am to 8pm. Calls are charged at local rates and may be recorded or monitored
Shopping around for the right annuity rates could increase your retirement income by up to 40%*.
It is a common misconception that you can only purchase your annuity from your pension provider. You are free to take your pension pot and shop around the market to get the best annuity to suit you.
The Moneyfacts Annuity Service could help you get up to 40% more retirement income.
Our Online Annuity Planner will also assist you while shopping around for better annuity rates providing help with the following:
Standard annuities, providers offer different annuity rates largely based on age. But many people – nearly 60%** – may have a condition that could qualify for an enhanced annuity.
If you qualify for an enhanced annuity, you could increase your pension income by as much as 40%* (depending on your health and lifestyle conditions). To help you make the right decision, Moneyfacts Annuity Service can help you by comparing annuity rates from annuity providers quickly and easily.
There’s a range of health and lifestyle conditions that are considered by enhanced annuity providers. These may include:
The list of medical conditions outlined above is not exhaustive. So if you feel you might qualify for another condition it is worth giving us a call or visiting Moneyfacts Annuity Service.
What’s more, usually you can also choose to take up to 25% of your fund tax-free in cash, although this will mean you will receive a lower income in retirement.
Our handy online tool takes you through your choices in retirement, helps you learn about annuities and compare the latest annuity rates from a range of providers.
Once you’ve chosen, we’ll manage the entire process on your behalf, ensuring you receive the retirement income you deserve hassle free.
Click here to try Moneyfacts Annuity Service
* Source date: 03/12/2013. 40% is achieved by comparing the lowest standard annuity rate against the best enhanced rate for a person who has specific medical conditions: diagnosed with bowel cancer 2 years ago, treated with surgery and takes 2 medications daily. Quotes are based on a RH2 7RT postcode, for a 65 year old individual with a pension pot of £25,000 with a 5 year guaranteed period, no escalation and no value protection, which have been obtained from a leading panel of providers via Premier Retirement Services. The comparison is based on rates available via the open market option only and it should be noted that smaller increases will be achieved for less serious medical or lifestyle conditions.
** Just Retirement Research April 2013
Annuity service reviews - we asked customers who used the Moneyfacts Annuity Service, during 2012, what they thought of the website and whether we helped them get more income in retirement. Click here to read their testimonials.
Annuity jargon guide - we've compiled a jargon buster for some of the common terms you are likely to hear.
More annuity guides
Moneyfacts Annuity Service is provided and administered by Premier Retirement Services. Moneyfacts.co.uk Limited is registered in England and Wales, company no. 6615303. Registered office: Moneyfacts House, 66-70 Thorpe Road, Norwich NR1 1BJ. Authorised and Regulated by the Financial Conduct Authority.
Premier Retirement Services. A trading name of JLT Benefit Solutions Limited. Authorised and regulated by the Financial Conduct Authority. A member of the Jardine Lloyd Thompson Group. Registered Office: The St Botolph Building, 138 Houndsditch, London EC3A 7AW. Registered in England No. 02240496. VAT No. 244 2321 96. Please note your call may be monitored and recorded.
Who pays into your workplace pension?Since October 2012 employers have been required to enroll Workplace Pensions workers into a workplace pension. Who will be automatically enrolled?
Avoid Running out of Money During RetirementMinimise the risk of running out of money. Download this FREE guide and ensure you accumulate enough wealth for a comfortable retirement.
Unlocking Equity in your HomeEquity Release schemes allows homeowners over 55 to unlock the money that's tied up in your home, to provide a regular income, or a lump sum payment. Read more
Purchasing an annuity has tended to be the most popular choice for those entering retirement, howeve... More
Purchasing an annuity is one of the biggest financial decisions anyone will have to make, but a revi... More
“Shop around” is the most common piece of advice given to answer people’s concerns about annuities, ... More
Moneyfacts data, published earlier this week, revealed that 2013 was a record year for annuity rates... More
New research published by Moneyfacts has revealed that 2013 was a record year for pension annuity ra... More
An enhanced annuity can pay you far more in retirement. There are many factors that affect how much ... More
Don’t settle for the annuity quote your pension provider offers! Make sure you shop around and find ... More
Pensions are a hot topic at the moment. With the state pension unlikely to allow anything more than ... More