When you retire from Employment you will hopefully have built up a fund from a Pension Scheme.
It is this fund value that is used to buy you a regular lifetime income, which is referred to as an annuity.
Your fund may be from the proceeds of a Personal Pension or an A V C (an extra contribution paid to a pension with your employer).
You are entitled to take this fund to buy your pension (Annuity) with any Provider. This is normally called an Open Market Option

 

CJR Associates, 32-34 Ferry Road, Edinburgh, EH6 4AE
 Telephone: (0131) 467 7406 Fax: (0131) 467 7406
 A Member of I F A Network - Which is regulated by the Personal Investment Authority
One of the U K 's Leading network of Independent Financial Advisers
Click here for Terms and Conditions of business 

Please remember, independent advice is not available from most banks and building societies.

Use our online form response service to request more information

home