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Premier Retirement Services launches annuity comparison service

STEPHEN_LOWE.jpg

Premier Retirement Services has launched an annuity comparison service with Moneyfacts.co.uk designed to encourage people to shop around for a pension at retirement.

PRS, which is a joint venture between Just Retirement and JLT Benefit Solutions, says the new service aims to increase take-up of the open market option by allowing customers to compare both annuity rates and the type of annuity available to them.

The website will allow people to compare the annuities offered by Aviva, Legal & General, LV=, Standard Life, Prudential, Just Retirement, Canada Life and Aegon.

Just Retirement director Stephen Lowe (pictured) says: “As the number of people reaching retirement is forecast to exceed 800,000 during the next few years, it’s vital that new services are introduced to enable customers to shop around to find the best retirement income solution and the best rate.”

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Comments

There are 6 comments at the moment, we would love to hear your opinion too.

  1. Is this going to include other products such as Fixed Term Annuities in keeping with your commitments to PICA and your previous company where you spearheaded the Offer More Options campaign to ensure that people looked beyond CPAs?

  2. The website will allow people to compare the annuities offered by Legal & General, LV=, Standard Life, Prudential, Just Retirement, Canada Life and Aegon.

    Limiting the comparison to 6 companies is hardly encouraging people to shop around.

  3. What no AVIVA?

    Of course AVIVA don’t want to be compared of course unless they are doing the comparing, I forgot.

  4. Aviva are actually first on the list

  5. Tracy Holdstock 25th May 2011 at 1:41 pm

    Shopping around is all well and good but can they then buy from the site? What is the point of a price comparison site unless it lets consumers take the next step and actually buy the product at the price they see. The beauty of go compare etc. is that you can buy at the price offerred without filling in tedious paper forms.

  6. Annuity Comparison 7th March 2012 at 11:50 am

    Interesting and informative post. Many thanks for sharing this article regarding annuity comparison service.

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