Case Study: Mr Worrall

Age: 66
Product: Enhanced Annuity

As you reach retirement age, deciding what to do with your pension pot and how you will access it is one of the biggest financial decisions you will ever have to make. Fortunately, as the UK’s largest broker specialising in annuities alone (based on turnover), we can help.

We understand that searching for a better retirement income than what your provider has already offered can be time-consuming and complicated, but as our satisfied customer discovered below, we can do all the hard work for you!

Mike Worrall, 65, came to Retirement Line while searching online to find the most competitive retirement income quote for the three pension pots he had contributed to over his career. Here, he explains why he chose to proceed with us.

“As I was approaching my planned retirement age, my existing pension provider wrote to me detailing how much income I could expect to receive from one of their annuities when I retire.”

“I knew how important it was to search for a better deal before agreeing to anything, so I set some time aside to go online and see if I could find a more competitive quote elsewhere.”

Mike, a retired General Manager in Engineering, discovered Retirement Line’s annuity calculator and was pleased to see he could get a bigger income than what his existing provider had offered him. Shortly after receiving his calculator result, a Retirement Line specialist rang him.

“My specialist, Roland, was very friendly, knowledgeable and professional. He talked me through all my different options and took the time to find out what my priorities were for retirement, so he could help me understand which products might best suit my individual needs.”

Mike asked him to call him back in a couple of weeks so he could read through everything he had been sent, and so that he could ensure he had found the best income for his money.

When he called back as arranged, Roland assisted Mike in choosing his desired type of annuity, completed the paperwork on his behalf and emailed it straight over for Mike to sign and return.

The very next day, Retirement Line’s administration department dealt with all the admin minutia, liaising with the various insurers. Mike was kept updated throughout so he knew what was happening all the time.

“It was completed in a short time and without any hassle,” said Mike. “I would certainly recommend Retirement Line to other people due to their friendly, professional service. They were speedy, never put me under any pressure to proceed, and provided me with all the information I needed to make the right choice for me and my family.”

A bigger income for life

Because Mike decided to shop around for a more competitive quote with Retirement Line, he was able to secure himself nearly 13 per cent more income for life. Despite the increases that retirees are regularly able to achieve, recent figures show 7 in 10 people are missing out on a bigger income for life by not shopping around for their retirement income*.

“I don’t understand why so many people remain with their existing provider without shopping around,” says Mike. “It only takes a short time to get on the internet and search for a better quote. Getting a bigger retirement income was so straightforward, anyone can do it.”

 << Read more reviews of Retirement Line’s excellent service on Trust Pilot >>

So if you come to Retirement Line, what exactly can you expect?

Preferential rates
Due to our buying power and reputation in the industry, providers regularly offer us preferential annuity rates for our clients, so you could enjoy a bigger income for life by coming through us. We work with the UK’s leading annuity providers including Aviva, Just, LV and many others.

Hassle-free service
Your dedicated Retirement Line specialist will provide all the information you need to make the right decision for you, and you can take as much time as you need to make your decision, there is never any pressure to proceed nor any charge for our quotes and information provided.

Bespoke report
We will explain all the advantages and disadvantages of your various retirement income options and present all of our findings to you in your bespoke retirement options report.

Regulated
For your additional peace of mind, Retirement Line is directly authorised by the Financial Conduct Authority (number 726601).

We do not handle your money
Retirement Line will not handle your money at any point when arranging your retirement income. Instead, once we have found you the highest retirement income, we organise the transfer of your pension savings from your current pension provider directly to the new company that will be providing your income.

We simplify things
Collated a few pension pots over your career? As part of the service we can consolidate your separate pension pots into one larger fund to help get you a better rate on your pension annuity.

Personalised service
From the moment you choose Retirement Line, you will have a dedicated specialist available to you every step of the way, with a direct number to reach them. We will search to get you the best deal, arrange everything on your behalf and keep you updated every step of the way.

Ready to get things started?

Speak to one of our annuity specialists today and request your free retirement income options pack. Call 0800 652 1316.

Retirement Line work on a non-advised basis. If you are at all unsure of which options suit you, you should seek regulated advice.

 *Citizens Advice ‘Drawing a Pension’ report June 2016