A Chance to Top Up Your Pension by Pounds 125 a Year ; Shop Around for a Better Annuity Deal It's for the Rest of Your Life. And Make Big Savings On Fuel Bills

Summary

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For most products and services featured in Financial Mail's National Switching Month campaign 2005, it is not the end of the world if the chosen deal is not perfect. It is easy to transfer again, immediately with credit cards and insurance products, but longer for most mortgages or mobile phone contracts.

But not so with an annuity, the product that turns a pension fund into a retirement income. Your first choice is the one you are stuck with for the rest of your life.

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Extract

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A Chance to Top Up Your Pension by Pounds 125 a Year ; Shop Around for a Better Annuity Deal It's for the Rest of Your Life. And Make Big Savings On Fuel Bills

Of those taking annuities, 65 per cent fail to exercise their right to shop around for a better deal when their pension fund matures, according to a study by Research Knowledge Management for the National Switching Mo...

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