For pounds 350 plus VAT the service will scan 50 insurance companies, including those that do not pay commission. If an annuity is chosen which pays commission, normally 1 per cent, this will be rebated.
Many people assume mistakenly they have to take their pension from the same company with which they used to invest their pension money.
A 65-year-old man with pounds 100,000 for a pension, for example, would have got pounds 11,653 a year with Pearl Assurance and pounds 11,183 from Scottish Widows.
Geoffrey Bernstein, 162 Regent's Park Road, London NW3 3HT, 081-346 0707.Reuse content