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This website contains information which may or may not be applicableto your own situation and circumstances.
Any information or advice on this site does not constitute a personal recommendation. If you have any doubts as to whether a product or service is suitable for you, please seek independent advice.
What is an Annuity?
What is a Conventional Annuity?
Conventional annuities provide a guaranteed income for life. The income is neither subject to investment risk nor mortality risk. This means that it doesn’t matter what happens to stock markets, house prices or any other investments as the income will continue to be paid.
Once bought, these annuities pay a set level of income or income linked to a prescribed rate or index throughout life.
This security and the fixed nature of conventional annuities are provided at the expense of flexibility. Once bought, they cannot be changed, transferred or cashed-in. So, it makes sense to take time considering your situation and choosing your options carefully.
What is a Variable Annuity?
This is new ‘third-way’ of providing an income. Click Here for information.
Other options
Yes, you should always consider other options if you have sufficient funds and sufficient risk to do so. We have other pages about SIPP’s and USP’s Click Here for information.