Hargreaves Lansdown have announced that scheme members with money purchase or AVC benefits will now be able to secure an enhanced annuity quotation with fund values from £2,000. Previously the minimum purchase amount for enhanced annuities was £5,000.
Enhanced annuities pay more income due to:
- smoking; or
- drinking alcohol; or
- being overweight; or
- having one of over 1,500 health conditions.
One of the leading enhanced annuity providers, Just Retirement, has confirmed they will now quote for fund values as low as £2,000.
The easiest and quickest way for members to obtain an enhanced annuity quotation using deeply underwritten, guaranteed rates is via Hargreaves Lansdown’s dedicated website for Kingfisher Pension Scheme members.
Alternatively members can request quotes over the telephone with one of the team at Hargreaves Lansdown, or by post. Contact details and Hargreaves Lansdown’s dedicated website for Kingfisher Pension Scheme members can be accessed here.
