is your pension provider one of the top annuity providers?
you can find out by shopping around on the open market. our site will help you do this.
the FSA estimates that people who find a better deal this way, can get up to 30% a year more income - for life.
how much extra will you get?
the gap between the best and worst providers can be as high as 30%. how much extra income you find on the open market will depend on:
- who your pension scheme is with
- how much the top annuity provider will pay you
- your state of health (and your partner's health)
on average, people can expect to find around 9% extra income a year. if you're already with a competitive provider your increase may be just a few percent (or none). but, if you or your partner has a health problem, depending on its severity, you may get considerable extra income - perhaps 50%, 100% or even more.
