Private pension Plan

[sqad617]

I am 73 and have a pension Plan which has to be taken(by law I believe) by 75. Surley, the company knowing that I HAVE to take an annuity, will offer me a poor deal. Companies soight on the Open Market will also know and probably offer me a bad deal. Any comments please.

[PrinceRainie]

I very much doubt that your Pension provider will give you a duff deal on your annuity knowing that you are nearing your 75th birthday.....however it is advisable to seek independant advice and get them to search for the best annuity rate on the open market.

You are right by saying that you have to take your pension by age 75........
http://www.unbiased.co.uk/?WT.mc_t=PPC&WT.mc_n =aroundture&WT.srch=1

this weblink should provide you with a list of IFA's in your area....

[WendyS]

You don't have to take the annuity rate offered by your pension provider and it's always sensible to shop around on the open market. Annuity rates are largely governed by several factors including longevity figures and interest rates and using organisations like Annuity Direct and other brokers you'll get the best deal available even if it is compulsory to take your pension at 75.