When looking at your annuity options there is a clear process you can follow to try and ensure you have selected the right option for you. This can be on an advised or non advised basis.
Prior to retirement age…
… you will receive a retirement pack from your existing pension providers and a number of annuity options should you elect to take benefits with your existing provider.
You DO NOT have to take their offer as you are free the look at the annuity rates available in the ‘Open Market.’
You will then need to decide what type of annuity you require. We believe at this stage you should start to talk to an Annuity Specialist who will be able to guide you through the annuity process, please either call Strictly on 08009 707 833 or complete our simple Retirement Questionnaire. Our Annuities Explained Page will help you to reach this decision if you don’t want advice at this stage.
Once you have decided…
… on the basis of your annuity, we will arrange formal illustrations from the leading annuity providers for your chosen requirements.
If you are still unsure about the most suitable annuity for you please either call Strictly on 08009 707 833 or complete our simple Retirement Questionnaire and we will be able to provide you with a recommendation to suit your needs and objectives.
Strictly Retirement will manage the administration process from start to finish, whether you have received advice or not, ensuring that you are provided with regular updates on how the annuity is progressing.
The average time taken to completion once the paperwork has been sent to the chosen provider is about 6-8 weeks.
Please be prepared for the unexpected, however, as there may be possible delays in implementation due to existing pension providers administration or any unforeseen hiccup.
How We Are Paid
You will not usually have to pay us a fee for our advice and help arranging your annuity
The annuity provider will pay us, typically 1%, of the annuity purchase price. If you go direct to the annuity provider then you will still receive the same level of income that we could secure for you.
We charge a fee if the annuity purchase price is less than £10,000, after tax free cash.
For further information please read the Key Facts About Our Costs and Services.
