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Missing Retirement Income
13/08/2010
It has been claimed that the gulf between the best and worst enhanced annuities is growing wider, meaning many are missing out on thousands of pounds of retirement income.
Research by MGM Advantage, shows men choosing a bottom quartile enhanced annuity could be £10,129 worse off on a £50,000 pension pot, while women stand to lose £11,351.
MGM Advantage, director, Craig Fazzini-Jones, stated the importance of shopping around for the best deals on annuities, the difference between the best and worst rates for conventional and enhanced annuities is significant. Over a longer term, it is a good idea to consider alternative policies that offer more flexibility than a fixed income policy.Homeowners aged over 55 years who would like to know how much money the value of their property could release to help increase their retirement income can find out by contacting therightequityrelease.co.uk for equity release advice.
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