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Annuities
You do not have to take the pension offered by the provider
with whom you have
been investing until your retirement.
Indeed, it is in your best interests to shop
around
to find which provider is offering the
best annuity rates.
With the fund available you could purchase an annuity
which would provide an income
guaranteed for life.
The various forms that an annuity could take are -
Level for life or increasing at 3%/5%/in line with RPI
Payable monthly/quarterly/half-yearly/yearly
In advance or in arrears
Without a guarantee, with a five year/ten year guarantee
With or
without an income to your spouse.
You may qualify for an Enhanced
annuity if
you have
health problems or you smoke regulary.
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