Which Advisor comment on changes in annuity rates & highlight the need for Retirement Planning Advice
www.which-advisor.co.uk, the website dedicated to promoting the benefits of financial advice, comments on recent research among IFAs about the downward trend in annuity rates.
1st August, 2011, LEEDS, UK: Research conducted by MGM Advantage in July 2011 revealed that as many as 90 per cent of all IFAs believe that recent decreases to annuity rate payments will increase demand among consumers for alternatives to annuities. With retirement planning such an important aspect of most people’s financial lives, Which Advisor believe that seeking an appropriate level of financial advice is key to having a prosperous retirement.
Paul Walsh from Which-Advisor.co.uk explains;
“The MGM figures are similar to our own findings. The majority of our specialist retirement planning IFAs are finding that those reaching retirement remain somewhat disillusioned by the returns offered by annuities and are keen to explore alternatives.
“With new changes in place on annuities and pensions in general retirement planning is increasingly complex and seeking professional advice for such an important area of your personal finances is highly recommended. A qualified IFA will be able to advise you on all your pension and annuity options.
“IFAs are trained to offer the best and impartial level of financial advice; this is because when you seek the advice of an IFA, they have to act ‘in your best interests’. There are many benefits to seeking the financial advice of an IFA and anyone who is looking to make savings, while investing for their future should certainly consider recruiting the services of a fully qualified IFA.”
Which-Advisor.co.uk offers free no-obligation access to financial experts who can advise you on personal or business related financial matters such as pensions, annuity, equity release, income drawdown and much, much more.
Which-Advisor.co.uk has teamed up with reputable financial services providers offering Independent financial expertise across the UK.
For more information contact Dale Lovell, Search News Media on: 01753 859 588 or email: dlovell@searchnewsmedia.co.uk
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