Can anyone recommend annuity pensions?

Author	Message
Written on: 11.11.2009 [14:46]
Katha Katha Topic creator Posts: 6	Are Prudential annuity pensions / pension plans any good? My friend and his wife both have private plans with the Pru and recommend it, but I'd like a few more opinions!
Written on: 16.11.2009 [22:10]
Benecke Benecke Posts: 1	I'm not a customer with the Pru so I can't comment on that, but I just wanted to point something out You buy an annuity WITH your pension fund – you can't set up an annuity pension. Or do you mean a defined benefit scheme pensions whereby you KNOW how much you'll get annually? Basically, you invest in a pension until you retire / the fund matures. At this point you can 'sell' your fund in exchange for an annual income / 'annuity' .
Also very interesting: Can someone explain the Pension Protection Act lump sum debate to me? Where to get free and simple information regarding the pensions A day? Finding an easy to use pension-value calculator Dept of Works & Pensions access to bank details? Why have final salary pensions stopped? FSA Pension calculator query: what is the lump sum? Is it necessary to send medical forms to the pensions office? Possible to recontract back into Serps pension? What is a pension protection lump sum death benefit? Are companies able to raid companies’ pensions and steal from its employees?