Guaranteed Retirement Income

New pension products have become available over recent months. These are known as "Third Way" or "Variable Annuities" and they provide guarantees such as:

Income guarantee
Fund value guarantee

These new type of products aim to provide an element of secured income, combined with some of the flexibility on an Income Drawdown plan. However, there are a number of different plans all offering different guarantees and different risks.

This type of plan is most appropriate for people who want the flexibility of an Income Drawdown but do not want their income to be directly affected by changes in the stockmarket.

Generally these products will guarantee to provide a set level of income based on a percentage of the fund value at outset for a guaranteed period of time. At the end of this period if the fund value has increased your income will be increased. If, however, your fund value has fallen your income will still remain at the existing guaranteed income level.

Some products will also "lock-in" the growth that has been achieved either on an annual basis or at an agreed date. Once the agreed growth is "locked in" this will be part of the guaranteed fund value at maturity or on death within the term.

To discuss your options call one of our pensions specialists on our FREE helpline or complete the quick enquiry form so we can contact you.

Download our comprehensive pension options guide by clicking on the above image.

Financial Advisers

Jonathan Walker
Jonathan is the director and joint owner of the Pension Drawdown Company.

Robert Bolton
Robert is a practising Barrister and is also fully qualified as a Diplomaed Financial Adviser.

Bob Diamond
Bob is a Pension Specialist who has been with the company since its incorporation in 1996. Bob has been a financial adviser since 1989.

Andrew Ross
Andrew is a qualified financial adviser and is undertaking further training to become fully diplomaed.

Roger Easterbrook
Roger is a financial adviser with a background in Executive Search and is close to completing the Diploma.

Click here for more team members.

Market Monitor

Updated: 6th February 2012

Signs of an improvement in the US economy and an absence of bad news from Europe helped global equities stage their strongest weekly rally in several months. A surge in hiring in the US economy drove the Nasdaq index to an 11-year high on Friday, as optimism grew that the jobs market is on a steady path to recovery. Technology stocks gained a further boost as Facebook 's long-awaited IPO filing drove a two-day rally in internet names. The US dollar rose against the euro, the pound and the yen as investors speculated that the positive signal on the US economy would lessen the chance of a further round of quantitative easing.

European stocks closed at their highest in more than six months, while the FTSE 100 closed at its highest since last August. For the second week in a row, government bonds rallied as talks continued over the eurozone debt crisis with private creditors to Greece coming closer to an agreement on the country's debt. However, the week's news wasn't all positive, as Portuguese government bond yields surged to much the same levels that forced Greece to ask the EU for a second bail-out last year.

Important information: This update is intended to be for information purposes only.

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