Making the right decision at retirement is vital to enjoying a comfortable lifestyle in later years. However, understanding all of the available options and how these can be secured is still something of a minefield for employees or pension scheme members.
According to information from the Pension Income Choice Association and the Financial Conduct Authority, of all the people selecting an annuity purchase at retirement, less than 40% of people exercise the option to buy their pension on the open market.
Employers, Pension Scheme Trustees and even Industry Regulators are aware of the need to provide greater assistance to scheme members, helping them to identify the best way to retire and, if an annuity purchase is the right option, how they can select the best annuity rate based on their individual circumstances.
Premier’s Gateway 2Retirement is a web-based educational system that helps the member to understand all the options available to them.
Whilst most conventional annuity search engines simply identify the best standard annuity rate for a member and then rely on a support team to prepare the necessary retirement papers, Premier’s Gateway2Retirement starts the retirement process earlier. Premier’s Gateway2Retirement is a web-based educational system that helps the member to understand all the options available to them, including whether an annuity is the right option in the first place.
By inserting their location, lifestyle and medical health conditions, a user of Gateway2Retirement can select enhanced annuities, thus ensuring the get the best deal in the market place.
With an assurance of no high commissions and transparency of cost for employees and pension scheme members, you have peace of mind that your employees and pensions scheme members are being looked after.