Online Annuity comparison sites?

chris1

Other than Hargreaves Lansdown, are there any other online annuity comparison sites please? Several seem to have disappeared.

We’d be grateful for any suggestions.
Thanks

Linton

Annuities can vary greatly depending on your circumstances.  They are now a niche area and the companies  involved may not appear on comparison sites.  This is an area where going via an IFA is by far the best option.

westv

There are hardly any companies left doing them.

dunstonh

As mentioned on your other thread, use an IFA.     I have seen people who have also got quotes via comparison sites and beaten them every time.   Usually because of the haggling stage or the person not declaring issues sufficiently.  Plus, in a number of cases, the commission from the comparison site was higher than the advice fee (both collected via the pension).

Also, in most of the cases, the person I was dealing with didn't know about the 2015 changes and would have done a different option via the comparison site without realising that alternative options existed as the comparison site didn't include them.

chris1

Are there any IFAs who will just supply annuity quotes without the full range of services?

dunstonh

chris1 said:

Are there any IFAs who will just supply annuity quotes without the full range of services?

All of them can limit the advice to retirement provision without needing to do everything.   However, I doubt any would just run a quote off

[Deleted User]

I would use an annuity broker.  They specialize in this field. They provide quotes without the full range of services but they would also help you to answer any questions, help with the paperwork, etc. 

There is an annuity comparison tool (but I would still use the broker) https://comparison.moneyhelper.org.uk/en/tools/annuities

Humongous amount of money goes into annuities every year and lots of companies are offering them. 

chris1

Deleted_User said:

I would use an annuity broker.  They specialize in this field. They provide quotes without the full range of services but they would also help you to answer any questions, help with the paperwork, etc. 

Could you point us to any good annuity brokers please?

The money helper site has been very useful in comparing options, but does not cover enough medical detail.

dunstonh

I would use an annuity broker.  They specialize in this field. They provide quotes without the full range of services but they would also help you to answer any questions, help with the paperwork, etc. 

They are called IFAs in the UK.

Could you point us to any good annuity brokers please?

Mordko isn't in the UK and isn't aware of the UK set up.

Humongous amount of money goes into annuities every year and lots of companies are offering them. 

Not they are not. Most insurers have withdrawn from the market.

[Deleted User]

dunstonh said:

I would use an annuity broker.  They specialize in this field. They provide quotes without the full range of services but they would also help you to answer any questions, help with the paperwork, etc. 

They are called IFAs in the UK.

Could you point us to any good annuity brokers please?

Mordko isn't in the UK and isn't aware of the UK set up.

Humongous amount of money goes into annuities every year and lots of companies are offering them. 

Not they are not. Most insurers have withdrawn from the market.

Are you sure? Do you have a conflict providing misleading information like this? From https://www.moneyhelper.org.uk/en/pensions-and-retirement/taking-your-pension/shopping-around-for-pension-income-products-at-retirement

2. Use a broker

Brokers will offer you a non-advised service. This means they’ll explain all the options available, search the annuity market and help you compare.

However, be careful. This can be a cheaper option, but most don't offer advice or tell you which annuity is the best one for you.

The decision is yours and if you choose the wrong one you can't make a complaint or get compensation.

Many brokers will still contact your pension provider for your policy information, handle all the paperwork and deal with the providers for you. Their fee can also usually be taken from the pension.  

[Deleted User]

chris1 said:

Deleted_User said:

I would use an annuity broker.  They specialize in this field. They provide quotes without the full range of services but they would also help you to answer any questions, help with the paperwork, etc. 

Could you point us to any good annuity brokers please?

The money helper site has been very useful in comparing options, but does not cover enough medical detail.

This is the largest annuity broker.  https://www.retirementline.co.uk/