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.
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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