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Open Market Option

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Are you throwing away £23,000?


It might come as a shock, but that's how much it could cost if you don't shop around to find the best income for your retirement.


Not all annuity providers are equal. Whilst your pension provider may be a good place to save for retirement, that doesn't necessarily make them the best choice for your annuity when the time comes to retire.


In fact, you might be able to increase your income by as much as 19% by using your right to shop around for a better annuity, known as the Open Market Option. To put this into perspective, with a fund of £45,000 that's roughly the same as someone adding about £8,500 to your pension fund pot. And don't forget, any extra income you secure is guaranteed to last for your lifetime.


Using your Open Market Option allows you to make the most of your existing pension fund by finding a better annuity deal. Our free seminar will explain the process and the myriad of options available to you.


Furthermore, you could be one of the estimated 60% of people who could qualify for an "enhanced annuity". Depending on your medical situation you could improve your lifetime income by around 50% over your pension provider's annuity offer. In the case of a fund of £45,000 that works out about the same as having your fund boosted by over £23,000.


To check if you qualify is simple and we will explain how at our seminar. Research shows that the majority of retirees could qualify for an enhanced annuity and with over 1,500 conditions and lifestyle factors taken into account, this should be the first consideration in your retirement income plans.


It is imperative you ensure you are getting the best income you can when you come to take your benefits. That's where we come in – as independent financial advisers we can explore your options with you and help you maximise your retirement income and even help you to decide whether an annuity is the best option for you.


Please give any member of our team a call to attend our next seminar on 15th November 2012 on 01903 821010 or email This email address is being protected from spambots. You need JavaScript enabled to view it. - Our last seminar was 40% over-subscribed so early booking is essential.

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