Do you know what an annuity broker is? Nor did I until I came across a number of them whilst helping my friend with their retirement finances. As the name suggest, an annuity broker helps you ‘broker’ or compare annuity providers for the best annuity. Buying an annuity is not like buying a loan or car insurance, it is rather more complex, so using an annuity specialist is vital to ensure you get the best deal on the market. The reason is each individual should be assessed individually, with detailed information being sought about their financial circumstances as well as their state of health. I didn’t actually realise this until I delved into the topic of annuities myself.I quickly found that most people only really look at what annuities are and how they work when they are at the point when they need to buy one. I also found that many pension companies do not bother to help their customers with this comparison process and offer lower rates than their competitors. This practice is being examined by the government however who want to help more people shop around for an annuity.
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Is short term lending a good idea? is it fair? Short term lending has become increasingly popular due to the impact of the current economic climate. As wages remains stagnant but prices and inflation rise, more people are turning to short term lending....
Short term lending has become increasingly popular due to the impact of the current economic climate. As wages remains stagnant but prices and inflation rise, more people are turning to short term lending. These kinds of loans are more often than not coming from specialist lenders as opposed to banks who traditionally only lend money in the medium and long term, e.g a certain number of years, rather than a few days or weeks. For some this short term credit facility is vital to get through a month, especially if there has been an unexpected bill to pay such as repairing a car for example.