The links below are a repeat of the links available in the menu system above and are for the benefit of visually disabled people using speech reader computer equipment.

about the pension annuity service
additional benefits
alternative flexible annuities
annuity income frequency
annuity alternatives explained
annuity - economic conditions
annuity factors explained
annuity guide book
annuity quotes
annuity rate
annuity terms offered by provider
annuity - the effect of timing issues
annuity types explained
are you retiring soon?
contacting PAAS
conventional annuities
costs of using retirement advice service
escalating annuities
five year rolling annuities
flexible annuities
getting started
getting the most out
impaired life annuities
income drawdown
index - home page
inflation - the effects on your annuity
investment linked annuities
lifestyle enhanced annuities
open market option
our advice service
our credentials
partners pension
payment guarantee period
pension annuity questions
pension options
pension simplification
pensions act 2004
phased retirement
protected rights
purchased life annuities
retiree age and gender
retiree health
retirement annuity terminology
self invested annuities
staying working whilst drawing pension
tax free cash
testimonials
unit linked annuities
with or without proportion
with-profits annuities
your pension explained

Link to parent company website, Richmond Independent

Pension industry terminology - see below

Terms not already covered under our menu options, hopefully are covered below.


Additional Volutary Contributions (AVC)
These are contributions arranged by your employer for the purpose of providing supplementary benefits from the employer's pension scheme (you can also have
Free Standing AVC - where the contributions are not arranged by your employer).

Compulsory Purchase Annuity
This type of annuity is termed 'Compulsory Purchase' because you have to buy the annuity by age 75 (under current regulations).

Indexation
If you specified that you require your annuity to be indexed, then this basically means that your income would increase every year by the same amount as the Retail Price Index.

Unsecured Income
This allows your fund to remain invested, although units (taken from your fund) are encashed to provide income. Note unsecured income is also called 'Income Drawdown' or just 'Drawdown'. Click here for more information on this subject.

  Your Annuity
  Using our service
  PAAS
 
The Pension Annuity Advisory Service is a trading style of Richmond Independent, which is an appointed representative of John Ellis IFA Ltd which is authorised and regulated by the FSA  
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