SharingPensions
Pensions and Annuities
SharingPensions Pensions and Annuities
SharingPensions
- Pension transfer
SharingPensions
provide a service for people that want to transfer from their
existing occupational pension scheme (such as final salary
or money purchase) or private pension (such as retirement
annuity or personal pension). The reason for this is usually
poor financial strength or fund performance with ten or more
years before retirement.
The
SharingPensions service will advice on the merits of transferring
and the potential benefits that could be lost as well as recommend
a suitable pension arrangement, provider and funds in relation
to your attitude to investment risk and duration to retirement.
SharingPensions
- Income drawdown
Where
your pension fund is over £100,000 and you do not want
an annuity but do want the tax free lump sum, SharingPensions
offer an advice service for other options including income
drawdown. This includes recommending the type of pension to
use, provider and funds in relation to your attitude to investment
risk and the income you intend to draw from the pension. Any
ongoing advice can be given on an annual basis to monitor
fund performance if required and on a triennial basis to reapply
the GAD rates to the income drawdown plan.
SharingPensions
- Annuities
The
annuity service is designed to find you the highest Open Market
Option for your specific circumstances. The service applies
to both pension annuities for people retiring between the
ages of 50 and 75 and purchased life annuities where individuals
can be aged in their 90s.
Many
people can also qualify for enhanced rates because they are
a smoker of suffer from diabetes. If you suffer from a more
serious illness it is very likely they can find an impaired
rate that is significantly higher than the one offered by
your existing provider. All the rates SharingPensions quote
include their fee for processing your annuity and ensuring
the pension fund is transferred to the receiving scheme and
any tax free cash is paid as quickly as possible.
For
further information on SharingPensions Pensions and Annuities
visit the SharingPensions website.
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