Guide to Pension and Annuity jargon - Retirement - Guides - Moneyfacts


Guide to Pension and Annuity jargon

Guide to Pension and Annuity jargon

Category: Retirement

Updated: 15/03/2016
First Published: 17/11/2011

The need to save for retirement has become increasingly clear over the last few years, but the pensions and annuities sector is perhaps guiltier than most at having bamboozling terms and jargon – not helpful when it comes to making what can be the most important set of financial choices that you'll ever have to make.

While the importance of proper independent financial advice can be invaluable when considering your pension options, the more you understand the jargon associated with this field, the more comfortable you'll be when it comes to making your decision.

The terms we deal with below are generally the ones you'll hear around the point you come to retire. Of course, there are many more terms and confusing jargon when it comes to pensions, but we've narrowed it down to bring you the eight that we feel are the most important to understand.

Pensions and annuities – who'd have thought they could be so confusing? The really frustrating part is that they really aren't, it's just that with fancily-named terms and phrases they can seem a lot worse than is actually the case, so read our guides to see if we can demystify things a bit.

What next?

Compare the best annuity rates

Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Related Articles

What is an Escalating Annuity?

Should you buy an inflation linked or escalating annuity? You can have part, or all, of your annuity increasing, to help combat inflation.

What is an Annuity Guarantee Period?

Make sure your annuity is paid for a minimum time by taking an annuity guarantee period – but make sure you consider a joint annuity as well.

What are enhanced annuities?

An enhanced annuity can pay you far more in retirement. There are many factors that affect how much of an annuity you’ll get – we discuss them here.
Save on Mortgages
Call our experts now to see how much you could save.
0800 193 6644 Lines open 8am to 8pm Monday to Friday
Phone lines are manned by Premier Financial Group Ltd who are authorised and regulated by the Financial Conduct Authority.