Tiffany Earrings1Open Market Option The Only Way Y

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retirement when you are looking for the best annuity rates the only way to be 100% sure that you have got the highest rate is to use the open market option. The open market option allows you to take your pension pot to the entire market to secure the best annuity rates.
What is the open market option?
The open market option was introduced to allow retirees to shop around and not be restricted to accepting the rates that are being offered by the pension company they accumulated the savings with. There is vast difference between the rates that all annuity companies provide, some of the biggest names in the financial services industry have some of the lowest annuity rates. It is vital to use the open market option if only to find out if your pension company has the best rates anyway.
How easy is it to shop around?
There are some annuity providers that do not actually sell to direct to the public and therefore no matter how much research and shopping around you do you [link widoczny dla zalogowanych], you cannot secure their rates. The easiest and probably most successful way of getting the best from the open market option is to get help from a specialist adviser who can research the whole market for you.
These advisers will also check to see if you qualify for enhanced annuity rates from the open market option [link widoczny dla zalogowanych], these enhanced annuity rates pay higher amounts to those people that have shorter than average life expectancy. Many of the annuity providers that offer these products do not sell to the public so you can only get these rates by going to a financial adviser. The financial adviser will take a good look at your objectives for retirement and tailor a plan to ensure that you have sufficient income to maintain your lifestyle into retirement.
Many people forget that the income they need may have to last 20 years or more and also that inflation will erode the true value of your income unless you take the right options you could find you have financial problems late into your retirement. The adviser will talk you through these options before making a recommendation about which product from the open market option will give you the best annuity rates.