The fall is considered to be less significant; however, it is still a cause for concern as retirees received a smaller annuity that expected. The insurance industry has lost profits across all of the companies in the UK. Managers consider that there is a general slump in the industry that they consider will fix itself in time.

Studies suggest that insurers have focused too heavily on personal annuities rather than on business product options. They also neglected the local market as they negotiated with new and existing overseas markets in the period. It is likely that they made a mistake which they will need to rectify if they wish to achieve an overall profit this year.

Managers need to go back to the basics to ensure that they will achieve healthy profits in the future. Retirees will likely continue to see annuities and the overall profits fall until the UK economy stabilises. It is time that that insurer’s turn to the local market and find ways to satisfy both their individual and business customers.

Sales will likely continue to rise as the products become more popular in the next few weeks. The balance sheet will improve as business increases in the short and long-term.

If you are looking for specialist advice on pension annuities then we recommend a sister site Retirement Solutions who have advisers in  Northampton.

Retirement Solutions have specialist advisers that have many years of experience in dealing with annuities in Northampton.

They will give you information about the type of schemes available and after conducting a detailed fact find about your personal circumstances will then recommend the most suitable plan from the whole market. It is very important to get Independent Financial Advice when looking at annuities.

An Independent pension annuity adviser can recommend plans from the whole market and not just those of one company. Normally the adviser will get a discounted interest rate than that which the provider gives direct to the public.

So for annuity advice in Northampton call 01604 676275 ]]> http://www.pensionannuities.org.uk/pension-annuities-advice-in-northampton/feed/ 0 http://www.pensionannuities.org.uk/how-to-get-the-best-pension-annuity-rates/ http://www.pensionannuities.org.uk/how-to-get-the-best-pension-annuity-rates/#comments Mon, 16 Nov 2009 04:06:08 +0000 admin http://www.pensionannuities.org.uk/?p=3 When you reach retirement you have to use your pension pot that you have saved to buy your pension annuity.

At this time you need to make sure you are getting the most you can as an income from your hard earned savings. This is why you need to exercise your right to the open market option and shop around to get the best possible pension annuities. You do not have to buy your pension annuity from the pension provider that you have saved with, the open market option lets you choose another pension provider if you can get a better rate.

The most important thing is to use an independent financial adviser to look at the whole market.

Typically an Independent Financial Adviser will conduct a detailed survey of your financial position, preferences and objectives; this is sometimes known as a ‘factfind’. They will then advise appropriate action to meet the your objectives; and recommend a suitable financial product to match your needs. If you can find an independent financial adviser that specialises in retirement solutions then that may also help.

For independent Pension Annuities advice call Retirement Solutions 0800 043 0725