What is a Fixed Rate Annuity?
A Fixed Rate Annuity does exactly what is says on the tin, it pays you a fixed income that will remain the same, regardless of your own personal or other economic circumstances. This kind of pension annuity allows annuitants to plan their finances accurately as they know exactly how much money they will have coming in each month. Although this sounds highly attractive, there are some limitations to fixed rate annuities. Most standard or conventional annuities pay a fixed rate.
Whose is suitable?
Anyone who needs a stable, secure and predictable income for the rest of their retirement. If you think you would rather have this kind of income as opposed to a variable rate annuity such as a unit-linked or inflation-linked annuity, then a fixed rate annuity could be the best option.
Where do I find Fixed annuity rates?
Finding fixed rate annuities is best done by using a company that can search the whole market to find the best pension provider for you. If you complete our enquiry form, we’ll search from dozens of providers to find you the best rates on offer.
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