With the FSA launching an investigation into the pension annuity market, Damian Youell has begun a campaign to make more people aware of their annuity options.
Yorkshire, UK -- (SBWIRE) -- 02/19/2013 -- Damian Youell is a financial adviser at NeedingAdvice.co.uk. The company has responded to recent news that 6 out of 10 are automatically accepting the annuity offer from their provider by making more people aware of their rights. NeedingAdvice.co.uk has been providing annuity advice for many years and they have found that a lot of people are totally unaware that shopping around can get them a better deal.
The recent government report found that the difference between annual income from the best and worst pension offerings is around £1,000 per year, based on a £100,000 pension. The FSA are reviewing the question of annuities and how marketing is carried out. They are concerned that certain firms are not fulfilling their responsibility to clearly communicate to their clients that they have the right to shop around on the open market.
Damian Youell, annuity adviser at NeedingAdvice.co.uk, is also concerned. “With 6 out of 10 people not shopping around, there are a lot of people taking less retirement income than they should”, said Damian. “At NeedingAdvice.co.uk, we are going to do our best to communicate with the Yorkshire public to make sure they know what their rights are.”
NeedingAdvice.co.uk understands how important retirement income is, and even just a few pounds a week can make a big difference to a pensioner’s lifestyle. The passion that Damian obviously has for this campaign is being communicated through websites, word of mouth, and the local press. Damian has called for more publications to speak out for pensioners. He said, “the media should be doing a better job of telling the people their rights. It is the responsibility of those that control information to take a public spirited approach. Articles and reminders published in local newspapers will make a real difference to a lot of people.”
NeedingAdvice have been providing financial advice to individuals and companies for many years. They can help pensioners shop around for an annuity and make sure they get the best income possible, with the right product features.
Visit http://www.needingadvice.co.uk to find out more about Damian’s campaign and to ask the experts to have a shop around for your annuity
James Cumming M.Sc
Senior Public Relations Director (Dailyposts)
For more information about annuities, or to arrange for Damian Youll, lead financial adviser at NeedingAdvice, to provide an interview, please contact James on email email@example.com.
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