If you are approaching retirement then you may have already heard about the government’s pension guidance service, Pension Wise.
Whilst Retirement Line offer a full information and guidance service – and, in addition, can arrange your annuity on your behalf – we actively encourage our customers to speak to as many impartial people about your options as you wish before making a decision.
So if you plan to book a 45-minute appointment with Pension Wise, what might you need to prepare in advance? Here are some tips to seeking guidance for your retirement income, which is not personal advice but rather to assist you at getting the most from your appointment.
Pension Wise offers impartial guidance to anyone aged 50 or over about your options for the savings you have accrued over your career in defined contribution pension schemes (also called 'money purchase' schemes).
The guidance from Pension Wise is provided by independent organisations for information only. As they have no interest in selling you a financial product or service, they will not offer quotes and they cannot arrange your retirement income for you.
Ahead of your 45-minute appointment with Pension Wise, there are a number of things you can prepare and collate to help get the most out of your time with them:
You may want to consider any of the following ahead of your appointment:
Guidance from Pension Wise is available face-to-face or via telephone. You have to book an appointment online at: www.pensionwise.gov.uk or by phoning 0800 138 3944.
Retirement Line is the UK’s largest broker specialising in annuities alone* and offers a full information service for your retirement income options.
As Pension Wise cannot provide any quotes for your retirement income, you may wish to speak to us first so that once you have spoken to Pension Wise you are fully informed and ready to go.
After our dedicated specialist has taken the time to get to know your wants and needs for retirement, we will produce a personalised report detailing your retirement income options and the best retirement income quotes we can find for you to compare.
Free policy review
An additional feature we offer is a free pension policy review, to ensure there are no hidden benefits or penalties in your existing policy documents which could drastically affect the amount of income you are offered.
For your convenience, once you have spoken to our specialists and Pension Wise and have made your decision, then we can arrange everything on your behalf – it is an entirely hassle-free service.
No fees, no obligation
Remember, irrespective of how much time we spend assisting you or obtaining quotes for you, there is no charge for our service if you decide not to proceed any further.
If you do decide to proceed and buy an annuity through ourselves, there is no direct fee to pay for our service, as we will receive commission from your chosen provider which is taken into account in the income you are offered.
Speak to us today
To speak to a specialist about your retirement options call the Retirement Line team today on 0800 652 1352 (or local rate mobile number 01733 307 240).
Retirement Line work on a non-advised basis, providing factual information to enable you to make your own informed decision.
*Based on turnover