Guaranteed Income for Life

Guaranteed Income for Life

“An annuity is a very serious business; it comes over and over every year, and there is no getting rid of it”
(Jane Austen, Sense & Sensibility, 1811)

There remains today only one way of guaranteeing how much income you can get each year for life. And its come in for some bad press recently. However, before you write them off completely, there is still some value in annuities.

Indeed, the principle of an annuity – ie: the promise to pay the policy holder a sum of money every year for as long as they live – has been around for centuries. They have evolved a little since Jane Austen’s day and there are now many annuity providers you can go to with your pension fund. 

But that basic principle still holds true – in exchange for your hard earned pension fund you will receive a specific, pre-agreed income, for life. Even if you live to be 150.

A period of bad press…

However, falling interest rates, rising life expectancy and an FCA investigation into some selling practices have all contributed to a background of ill feeling. And they do come with a risk – which is, if you die early, you may not receive back the full amount you paid in, and there will be nothing returned to your estate. 

Despite all this, though, annuities are likely to remain a key part of retirement income planning. They come in a range of different shapes and sizes, and options also exist to try and minimise the extent of any loss should the worst happen. The following information therefore outlines some of the main features and options available to help you tailor one to your own needs.

Further Information

There is no doubt that income drawdown can be a complicated area of financial planning and one where a bit of professional help can prevent you making some potentially costly mistakes. At A&J Wealth, we have both the experience of the market and of the investment options availbale to help you avoid these mistakes and set yourself up for the comfortable retirement you deserve.

Consequently, if this is an area of interest for you, or you are simply looking to ask questions about it, please do not hesitate to get in touch.

Get In Touch

Leave us a message

A&J Wealth Management Ltd


Bigfrith Lane

Cookham Dean



01628 480200

© 2023 A&J WEALTH MANAGEMENT LTD A&J Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority. Financial Services Register, no 428590, at Registered in England, Company no: 5105933. Registered Head Office: Sawfords, Bigfrith Lane, Cookham Dean, Maidenhead, Berkshire SL6 9PH

Scroll to Top