95%+
Value for money
95%+
Success rate
95%+
Would recommend
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Annuities cover retirement income products issued by insurers, bought with money from a pension fund or personal pension. A solicitor in this area helps clients understand whether to purchase an annuity, what type to choose (e.g., standard, escalating, indexed, or enhanced), and how it interacts with their broader pension rights. They draft or review transfer and annuity purchase documents, liaise with providers and trustees, check policy terms, and explain protections such as the Financial Services Compensation Scheme and consumer rights. They also advise on death benefits, dependants’ payments, and any potential disputes with insurers or pension administrators.
Annuity work involves interpreting fund values, selecting product features (guaranteed rates, inflation linkage, escalating payments), understanding health or lifestyle enhancements for enhanced annuities, and coordinating with pension schemes or private providers. The solicitor negotiates or reviews terms, ensures compliance with pension freedoms, handles transfers to or from defined contribution plans, and prepares or reviews documentation such as annuity quotes, transfer deeds, and death-benefit arrangements. It may involve interaction with pension trustees, providers, and regulators if disputes arise.
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95%+
Value for money
95%+
Success rate
95%+
Would recommend