When taking pension benefits you are not required to purchase an annuity and take your pension income from the
insurance company you hold your pension fund with.
With an Open Market Option you can transfer your pension fund to another
insurance company, allowing you to shop around to get the best
deal possible. This could mean that you are able to find a better annuity
rate and higher income in retirement.
Annuity
rates can differ a lot between
insurance companies. Annuity Arrow is a specialist annuity advisor that does the
shopping around and searching of the annuity market for you.
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