Faced with new adventures and directions, retirement can be both an exciting and anxious time. There are many important issues to consider and one of these is undoubtedly 'how do I make the most of my carefully built up pension fund?'
If your health or lifestyle (smoking, drinking, obesity) is expected to lead to a reduced life expectancy, you could qualify for an ‘enhanced’ annuity, which provides a higher rate of income compared to a standard annuity. This is because an enhanced annuity is based on your personal circumstances, rather than just an average for your gender and age group.
Estimates suggest that up to 40% of the retiring population are eligible for an enhanced annuity yet, in the first quarter of 2008, only 10% of retirees were actually taking advantage of this. Partnership's retirement annuities are designed specifically for this 40% group, as we are able to underwrite each case individualy to offer the best income rate possible.
To find out if you are eligible for an enhanced annuity rate, please speak to your Financial Adviser. You can find also click on a link in the right hand panel for more information about our retirement products.