Mortgage Brokers Gloucestershire
Mortgage Brokers Gloucestershire
Mortgage Brokers Gloucestershire
 
Pensions - With Profit Annuities


With Profits & Unitised Annuities

Traditional annuities provide a guaranteed income; however, there are other types now available, namely With Profits & Unitised Annuities. They differ from traditional types in as much as the guaranteed element is either reduced or taken away altogether in exchange for the possibility of increased income in the long term.

In respect to a with-profits annuity, a low guaranteed income level is initially secured and then an annual bonus is payable from the (linked) with-profits fund. The level of income therefore fluctuates from year to year and is dependent upon the success or otherwise of the With Profits fund.

Under a unit linked annuity, no guarantees are provided. The income received is dependent upon the underlying performance of the linked fund/s, which will undoubtedly fluctuate over time. With favourable market conditions, a unit linked annuity may, in the long term, produce income that exceeds that of a traditional level or escalating annuity. The problem is that the reverse is also true; adverse conditions may seriously affect the value of a pension income.

For advice on pensions we act as introducers only.

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Your home may be repossessed if you do not keep up repayments on your mortgage.

You can choose how we are paid for mortgages; pay a fee of 0.50% of the loan amount, or we can accept commission from the lender.

 

 

Contact BDM


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Call us today on 01453 750 739
Email. brian@bdmfinancial.co.uk
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Registered Address: 68 Peghouse Rise, Stroud, Glos, GL5 1UR . Registered in England. Reg No. 4997591

Call us today on 01453 750 739
Email. brian@bdmfinancial.co.uk