Andy from Glasgow contacted Retirement Solutions (UK) Ltd after receiving a quotation directly from his existing pension company, as he was looking for an annuity quotation on the open market. After discussing his situation and set of requirements, we were able to explain his options in a clear and easy to understand way.

Due to Andy’s previous history of cancer, even though he was now fully clear of the condition, we were able to offer a substantial increase against the offer he had received from his pension company. As his existing pension providers did not offer enhanced (impaired) annuities, their offer was 38% lower than we were able to secure for him by using the open market.

The important thing to remember is that you do not need to be in ‘poor health’ to qualify for an enhanced annuity. You could benefit from an enhanced annuity simply because of the postcode area in which you live.

Industry sources suggest that nearly 60% of retirees could qualify for an enhanced annuity.

Joseph from Gloucester had a gross pension fund of £99,500. After taking is 25% tax free cash, he was left with £74,665 to purchase his lifetime annuity. Having submitted his details to Insurance Surgery he was passed onto a Retirement Consultant at Retirement Solutions (UK) Ltd.

Joseph suffers from Asthma and is a smoker. The standard annuity quote at that time was offering John an income of £3,706pa with no enhancement for his health and lifestyle conditions.

Having spoken to a specialist who went through a detailed questionnaire regarding health and lifestyle, Joseph secured a guaranteed income of £4,401pa. This annuity also guaranteed 50% of the income for John’s spouse for the rest of her life should John have passed away.