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All businesses are exposed to risks in their day-to-day operations. Without insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.

Adequate insurance is therefore not a luxury - it is an absolute necessity.
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The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.

This type of protection plan is called life 'assurance' because death is at some point inevitable, which means that you are 'assured' that the plan will definitely pay out one day ...Read More
Health Insurance is probably one of the most important types of insurance you can own. Without it, an illness or accident can have serious financial implications for you and your family.

Most people will be aware that Health Insurance can cover the cost of private medical treatment for any acute conditions you may suffer in the future. However, there are a number of other types of Health-related Insurance policies.
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This is an area of financial planning that is often overlooked. Traditionally, we have our buildings and contents insurance with our mortgage lenders, which may be uncompetitive in a very competitive marketplace.

General insurance is important for your peace of mind. It enables you to minimise the effects of unexpected and often unwelcome future events, and helps you to organise your personal and business life with greater confidence.Read More
When you retire you still need food and shelter as an absolute minimum, but of course you will want to maintain the lifestyle to which you have become accustomed, so unless you can guarantee a large windfall, you need to provide yourself with a secure income for the rest of your life.
The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.Read More
When someone talks about savings and saving money, it could be referring to a piggy bank or a high interest deposit account. Savings are effectively cash or cash instruments, such as deposit accounts, term bonds etc.

The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.Read More
Most of us face being taxed on our income, our capital gains, and in some circumstances the value of our estate when we die.

Taxation can be very complicated and the rules, reliefs and allowances often change, so it is worth obtaining a clear...
Tax treatment varies according to individual circumstances and is subject to change.
The Financial Conduct Authority does not regulate advice on Tax Planning.Read More
Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion by taxation, the effects of inflation and investment risks.

Whatever your level of wealth, there is nothing wrong in deciding to prepare a risk aversion strategy. This is reasonable and prudent for anyone who is sure that they already have ample...
The Financial Conduct Authority does not regulate advice on Estate Planning and Tax Planning.Read More
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Annuities

THE VALUE OF PENSIONS AND THE INCOME THEY PRODUCE CAN FALL AS WELL AS RISE. YOU MAY GET BACK LESS THAN YOU INVESTED.

TAX TREATMENT VARIES ACCORDING TO INDIVIDUAL CIRCUMSTANCES AND IS SUBJECT TO CHANGE.

(From April 2015, the rules involving annuities and income drawdown changed. Rather than having to purchase an annuity, pension savers can, if they wish, withdraw as much as they wish from their pension pots. In total, 25% of the pension pot can be taken free of tax; the balance being subject to income tax. Although this change may make annuities less attractive for some, many still prefer the security of knowing they have a guaranteed and secure income for life.)

THE VALUE OF PENSIONS AND THE INCOME THEY PRODUCE CAN FALL AS WELL AS RISE. YOU MAY GET BACK LESS THAN YOU INVESTED.

TAX TREATMENT VARIES ACCORDING TO INDIVIDUAL CIRCUMSTANCES AND IS SUBJECT TO CHANGE.

What is an annuity?

An annuity is a contract between an insurance company and a pension scheme member, where the member uses some or all of their pension savings to purchase a regular and guaranteed income for the rest of his or her life or for a predetermined number of years.

The factors that determine the amount of income you can expect to receive include (but are not limited to) your age, state of health, your postcode, prevailing annuity rates, the type of annuity you buy and the size of your pension fund.

What are the advantages of an annuity?

A regular and secure income for life
Can be tailored to meet specific individual needs and circumstances

What are the disadvantages?

Falling annuity rates would reduce the level of income that you could obtain in exchange for your pension fund at the time when you come to retire.
Payments cease on death (unless you purchase an annuity which continues to pay income after you have passed away)

Depending on your circumstances and requirements, some annuities may be more suitable for you than others. We are here to assist and to ensure that you purchase the annuity that best suits your needs and circumstances.

Important note

If you do decide to buy an annuity upon retirement, you should ensure that you check policies, rates, restrictions, and benefits very carefully, and if necessary seek advice from a financial adviser. Investing in the wrong annuity scheme could cost you a great deal in annual income, so make sure that you look into this subject carefully before you make any commitment.

The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.

PENSION ENQUIRY FORM

Your Address

Planning and Retirement

Employment

Existing Pension

Do you currently have a pension provision

Yes

Are you a member of your employers pension scheme?

Yes

Submit your Information

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Other Areas of Expertise

- Health Insurance
  
  Health Insurance is probably one of the most important types of insurance you can own. Without it, an illness or accident can have serious financial implications for you and your family. Most people will be aware that Health Insurance can cover the cost of...
  
  Read more
- General Insurance
  
  This is an area of financial planning that is often overlooked. Traditionally, we have our buildings and contents insurance with our mortgage lenders, which may be uncompetitive in a very competitive marketplace. General insurance is important for your peace...
  
  Read more
- Pensions
  
  When you retire you still need food and shelter as an absolute minimum, but of course you will want to maintain the lifestyle...
  The value of pensions and the income they produce can fall as well as rise. You may get back less than you invested.
  
  Read more
- Savings & Investments
  
  When someone talks about savings and saving money, it could be referring to a piggy bank or a high interest deposit account...
  The value of investments and the income they produce can fall as well as rise. You may get back less than you invested.
  
  Read more
- Taxation
  
  Tax treatment varies according to individual circumstances and is subject to change.
  The Financial Conduct Authority does not regulate advice on Tax Planning.
  
  Read more
- Wealth Management
  
  Wealth, just like your health, must be carefully preserved. Your assets need to be protected against the potential threats of erosion...
  The Financial Conduct Authority does not regulate advice on Estate Planning and Tax Planning.
  
  Read more
- Business Insurance
  
  All businesses are exposed to risks in their day-to-day operations. Without insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.
  Read more
- Life Assurance
  
  The main purpose of Life Assurance is to provide money for those people who may depend on you financially, in the event that something should happen to you. These people could include family members or business partners.
  Read more

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1st Financial Ltd
Buckingham House East
Buckingham Parade
Stanmore
Middlesex
HA7 4EB
T: 020 8385 3212
F: 0845 271 0013
Email Us

1st Financial Ltd. Registered in England and Wales, under No. 03914025. Registered office address - Jubilee House, Merrion Avenue, Stanmore, Middlesex, HA7 4RY

1st Financial Ltd is an appointed representative of Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited, which are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited are entered on the FCA register (www.fca.org.uk/register) under references 440703 and 440718.

The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Annuities

What is an annuity?

What are the advantages of an annuity?

What are the disadvantages?

Important note

PENSION ENQUIRY FORM

Your Address

Planning and Retirement

Employment

Existing Pension

Submit your Information

Other Areas of Expertise

Health Insurance

General Insurance

Pensions

Savings & Investments

Taxation

Wealth Management

Business Insurance

Life Assurance

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