Annuity Brokers

Annuity Brokers

Compare Pension Services

Compare UK Pension Services

Compare pension services for self invested pensions (SIPPs)  where you can pull your existing pension plans into one place.
Lost track of old pension plans? Service for tracking down plans from previous employments.
Annuity service if you are looking to buy a guaranteed income from your pension pot.

FREE Guide – Retiring Early!

8 tips for an earlier, wealthier retirement

Transforming that dream into a reality doesn’t come cheap, how could you afford it? Once you have paid off debts, like it or not, the answer is likely to depend on your pension.

Straightforward guide provides eight tips that could help you to retire earlier than you thought, including:

  • The simple formula for how much you should consider investing each month
  • How to boost existing pensions
  • Understanding the options available at retirement (including the new rules)

This guide is not personal advice. Please remember tax rules can change and the value of the tax benefits will depend on your circumstances. The value of investments can fall as well as rise so you could get back less than you invest. Pensions cannot usually be withdrawn until age 55 (increasing to 57 in 2028).

FREE Guide – 8 Tips To Retire At 55 »

Self Invested Pension

Take Control of your pension!

self-invested personal pension (SIPP) is different to a traditional pension. Instead of limiting your investment options, a SIPP opens the doors, giving you more choice in how you invest your money.

Like other pensions, the government will still give you up to 46% tax relief on the amount you pay in. Once your money is in a SIPP, you won’t have to pay tax on any gains or income your investments make.

  • Security – Hargreaves Lansdown are a FTSE 100 company and the UK’s biggest SIPP provider
  • Control – Check your pension whenever you like, online and with the HL app
  • Support – Pensions Helpdesk is on hand to answer your questions six days a week
  • Expertise – Research, ideas, and updates to help you with your investment decisions

Low Cost Self Invested Pension »

Self Invested Pension – FREE Guide

Compare Self Invested Pension Providers

SIPP Name
Interactive Investor SIPP
Set Up Fee
FREE
Annual Fee
£120
Features
A low cost award-winning SIPP that gives you a choice of over 40,000 investments
SIPP Name
Hargreaves Lansdown Vantage SIPP
Set Up Fee
FREE
Annual Fee
0.45% (max £200)
Features

Choose from more than 2,500 funds, shares, investment trusts, gilts, corporate bonds, ETFs and cash

Pension Name
Pension Bee Personal Pension
Set Up Fee
FREE
Annual Fee
From 0.5% to 0.95%
Features

100% FSCS protected range of 7 different Pension Plans,  managed by the world’s biggest fund managers

Pension Name
Nutmeg Personal Pension
Set Up Fee
FREE
Annual Fee
From 0.35% to 0.75% including VAT
Features

In a nutshell we choose investments for you and then, with your contributions, build and manage your pension portfolio on your behalf

SIPP Name
AJ Bell Youinvest SIPP
Set Up Fee
FREE
Annual Fee
Tiered up to £100
Features

The AJ Bell Youinvest SIPP has over 4,000 funds and over 21 markets, investment trusts, tracker funds (ETFs) and stocks and shares to choose from

Annuity Services

Annual Income
£5,138
Payment Terms
Annual income for life
Purchase Amount
£100,000

Pension Finder & Transfer Service

Setup Fee
No Fee
Annual Fee
From 0.35% pa
Pension Service
PensionBee will find all your old pensions and combine them into a single, good-value, online plan.
Drawdown Option

Pension Bee Finder & Consolidation Service

Annuity Brokers

Using a good annuity broker can ensure that you maximise the value from your pension fund. Under the open market option you are entitled to shop around for the best annuity deal and you are not obliged to accept the annuity offered by your existing pension provider.

Remember, that once the contract between you and your insurance provider has been signed, you are unable to change your mind and take back your lump sum. Because of this, taking out an annuity plan requires a lot of serious thought. Ensure that you are clear about what an annuity plan entails and whether it is the right decision for you and your personal circumstances. This is where an annuity broker can help in giving you your range of options:

The amount of income your annuity will pay will be determined by a number of different factors including:

  • Age
  • Current health situation
  • The type of basis you choose for your annuity e.g. Joint life option
  • The amount of money your pension holds

You are under no obligations to stay with your current insurance provider if you decide you would like to take out an annuity plan. This is important to remember as many people do not realise they can change to a different insurer. You may find that this can save you money and find you a better policy.

If you are still finding it difficult to obtain the right annuity policy, you may want to consider contacting an annuity broker. A broker acts as the middle man between you and the insurance providers. Annuity brokers are experts in their field and could help you to source the most cost effective and appropriate annuity plan for you.

Annuity brokers do charge a fee for their services (typically 1% although this is usually covered by the insurer’s commission), but they could take away some of the stress and hassle of finding the right deal. This is particularly the case if your situation is complicated, you have poor health, or you want to consider alternative options to annuities.

 

10 COSTLY PENSION MISTAKES

10 Costly Pension Mistakes Millions of Britons Make

  • How to discover if your pension will be enough
  • What ‘free money’ most private sector workers miss out on
  • How to get a share of £41 billion from the taxman
  • How to benefit from the pension freedoms and avoid the traps

FREE Guide – 10 Costly Pension Mistakes »

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