Open Market Option

The Open Market Option – It is vital that this is considered

For information on the new pension freedom changes from April 2015 click here!

Even though you may have paid into the same pension for years, you rarely have to take your pension annuity with that company. Most pensions have a legal obligation to offer you an Open Market Option however this is not always made obvious from the paperwork you are sent.

An Open Market Option allows you to move the pension to another provider who may potentially give you a higher pension income if this is the case. Often your existing pension provider is not offering you the best Pension Annuity.

The differences in income that an Annuity provider will offer you can vary dramatically. In addition, depending on your health, you may also be able to get an enhanced higher Pension Annuity. This is where we come in.

We will research the market and draw comparisons between providers to establish whether there is company who will offer you a higher regular income than your current pension provider.

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