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Not all of these services are regulated by the Financial Services Authority.
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An annuity is a financial product,
which guarantees fixed, or increasing income in
return for a lump sum investment. Traditionally
the route used by the majority of pension plan
holders at retirement.
However, there are many other options now available
to the retiree. It is often worth taking out a
‘phased retirement’ or ‘income
drawdown’ scheme as a way of boosting your
income. They both allow you to stop work but not
convert your whole fund to an irreversible annuity
straight away.
There are many different types of annuity available
today and is important to that you seek advice
to consider or alternatives.
Choosing the right annuity can improve your retirement
income by a considerable amount for the rest of
your life. Griffin Benedict's Annuity Bureau can
help you select the best annuity for your requirements.
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