With the Financial Service Authority stepping up and investigating the value provided by different annuity providers, NeedingAdvice.co.uk has announced an innovative annuity comparison service.
Yorkshire, England -- (SBWIRE) -- 02/21/2013 -- NeedingAdvice.co.uk are a financial services company delivering solutions to companies and individuals in the West Yorkshire region. They offer a comprehensive range of financial planning solutions and have, today, announced enhancements to their annuity offering.
The latest figures shows that 6 out of 10 annuitants take the annuity offer provided by their pension provider. The Financial Services Authority are making concerted effort to encourage pension holders to shop around for their annuity. It seems many do not know that they have the right to compare annuities and choose the best one on the market. This is despite regulations from the FSA that pension providers must communicate this to their clients.
Surveys suggest that the difference in annual income between the best and worst annuity deals, based on a £100,000 pound retirement pot, is over £1,000. More must be done it seems to encourage people to shop around.
Damian Youell, lead financial adviser at NeedingAdvice.co.uk, says, “we are bringing out a new service. The service is designed to make it easier for people to gain the maximum retirement income they can. Shopping around is everybody’s right, and we will help more people in the West Yorkshire area do so by delivering a free initial comparison report.”
NeedingAdvice.co.uk feel that making comparisons accessible and affordable is the key to encouraging more pensioners to shop around. Damian had this to say – “we found that many pensioners do not shop around because they perceive it will be expensive and a complicated process. We have simplified the situation and are passionate about getting the best income and the best products for our clients.”
NeedingAdvice.co.uk bring this new offering to the table as Damian campaigns to increase awareness of annuitants’ financial rights. With increasing numbers of retirees struggling financially, this innovative service, from a well-reputed company, looks set to make waves in the West Yorkshire region
NeedingAdvice.co.uk is a full service financial advice company providing advice and recommendation to hundreds of clients every year. They are active in pursuing increased media attention for people’s financial rights. With the financial landscape becoming increasingly complex, it is great to see a company stepping out and fighting for the rights of their clients.
To find out more about the free initial annuity comparison, go to www.needingadvice.co.uk.
James Cummings M.Sc
Senior Public Relations Director (Dailyposts)
For more information about annuities, or to schedule an interview with Damian Youell, financial adviser at NeedingAdvice.co.uk, please contact James on email email@example.com.
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