Tuesday 23 April 2013

Call for pension savers to look at all options

 

In this week's BBC Your Money, Declan Curry looks at how to avoid fraudulent travel deals, sprucing up your garden on a budget and making the most of your pension pot. 


Nearly 400,000 annuities were sold to retirees last year, bought for an average of £28,000 from their pension pot. There has been criticism of the industry for not explaining to retirees that they can buy their annuity from any provider that they choose. This has led to the introduction of a new code of conduct ensuring that pension companies tell their clients that they can shop around.

Shopping around for an annuity or the Open Market Option, means that retirees can buy an annuity from any provider.

Watch the video 'Travel tips and pension pots'  with Billy Burrows from Better Retirement Group.





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