Pensionlite Best Annuity Challenge

At Pensionlite our aim is always to provide our clients with the best annuity rate possible. 

We firmly believe that if you take the time to give us your personal details, including health and lifestyle history, our annuity rates will not be beaten.

We’re so confident that our annuity rates will not be beaten that we guarantee to beat like-for-like quotes or we’ll give you £50. Terms and conditions apply.

1. Using the information you supply to us, we complete and post to you a written recommendation report including your ‘Best Quote’ annuity rate.
   
   You are free to compare this elsewhere and if on a like-for-like basis you obtain a better written quote then give us the details and we will beat it OR pay you £50.
   
   
2. Making a claim
   
   If we fail to beat your quote, send it to us along with proof of purchase, on the terms originally quoted to you and we will pay you £50. 

TERMS AND CONDITIONS

• You must actually purchase an annuity to make a claim. The annuity you purchase must provide a better annuity rate on a like-for-like basis than the best rate quoted by Pensionlite.
  
  
• For these purposes, “like-for-like basis” means that the fund values, medical information, terms and benefits quoted and used by Pensionlite and the alternative annuity source must be identical and the quote from the alternative annuity source must be dated. We reserve the right to refuse a claim if, in our absolute discretion, annuity comparisons are not on a like-for-like basis.
  
  
• Pensionlite must be given, in the form of a final quote, an opportunity to beat any revised or adjusted quote given by any alternative annuity source before the purchase of or application for an annuity is placed with such source.
  
  
• The Pensionlite Best Annuity Challenge is our commitment to you to obtain better annuity rates than your alternative annuity source’s initial quote only. Although our aim is always to provide you with the best annuity rate possible, we reserve the right not to enter into ongoing negotiation after beating the initial quote.
  
  
• Where we believe a quote to be erroneous or no longer available Pensionlite will have 5 working days to investigate the quote. If, following such investigation, we consider that the quote is erroneous or no longer available the Pensionlite Best Annuity Challenge will apply to the correct or valid quote as determined by our investigation.
  
  
• Annuities taken via special annuity rates which form part of your specific pension policies terms and conditions do not qualify for this challenge.  Special annuity rates mean those specific to an existing pension provider and client relationship and which form part of the pension policy or the pension providers terms and conditions. This would normally be in the form of a Guaranteed Annuity Rate or similar which applied when the pension was first established.
  
  
• Pensionlite reserves the right to withdraw or amend the Pensionlite Best Annuity Challenge or the terms applicable to it at any time without notice.
  
  
• Proof of purchase of any quoted annuity must be provided in original format and from the source of the annuity.