Online annuities make comparisons easy

AN online annuity service which will enable consumers to select and buy their retirement income was unveiled yesterday by Heath Lambert, the independent financial adviser.

Heath Lambert has developed a system which allows clients to produce personalised annuity quotations from leading annuity providers. The annuity service will allow people at retirement to select either conventional or enhanced annuities from a range of providers.

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Heath Lambert director Stuart Grennan said: “The majority of people at retirement in the UK do not trawl the market for the best income when converting their funds into an annuity.

“This is partly to do with apathy...but we believe our new online click and buy facility, available with or without advice, has the potential to transform the annuity buying landscape in the UK.”