Looking for more retirement products? To help you figure out how much you could get from an annuity, we've compared the current rates on offer. Looking for more retirement products? Experience. Hodge Lifetime has been a specialist in the retirement market for over 50 years, making it one of the longest established equity release providers in the UK. Hodge Lifetime, Sutherland House, Russell Way, Crawley, RH10 1UH. Alternatively, you can use a specialist annuity broker. July 2013. We also offer a Dependents Pension, which doesn’t have any time limits attached to it. like your spouse or partner to receive an income after you pass away. Following the principles of enhanced annuity, ... Hodge Lifetime and more2life interest only lifetime mortgages is 55 years, with a minimum property valuation starting from £70,000. Keep reading to find out more about pension annuities, whether they’re right for you and how we at Hodge, can help you make the most out of your pension savings. Option to add dependents income of either half, two thirds or full income levels. If you are aged 55 and over with a pension pot of over £2,000, before any tax-free cash has been withdrawn, we can help you compare lifetime annuity quotes to see if we can find you a higher income than your current pension provider. The two or five year fixed rate will have an early repayment charge attached to it. Annuity rates compared. That means, you won’t be able to: Pay it back into your original pension plan or scheme. tailored specifically for older borrowers. Our research has shown that the best Annuity rate dropped by 3.56% during May. Hodge has been around since 1965 and we always put innovation at the heart of everything we do. Annuity Ready is a lifetime annuity comparison service. Hodge Lifetime is delighted to have won the Moneyfacts 2013 award for the Best Equity Release Provider as well as being commended in the Most Competitive Annuity Provider category. The Flexible Lifetime Mortgage is Hodge’s drawdown equity release product. 0800 917 2028. Shopping around when buying an annuity, ... Just, Canada Life, Hodge Lifetime and Scottish Widows. We have also provided Hodge with a back end tool for their internal team and a public facing website for their online partners. Lumpsum Lifetime Mortgage. if you are using a pension pot to buy an annuity then you can withdraw 25% of your pension pot tax-free before you purchase the annuity. Hodge Lifetime Founded in 1965, retirement income and lending specialist Hodge Lifetime offers a range of retirement solutions, including annuities and equity release. Within 8 months we had created Hodge a fully functioning calculation engine that was live to advisers. The Lumpsum Lifetime Mortgage provides a tax free lump sum. Companies House Companies House does not verify the accuracy of the information filed (link opens a new window) The minimum age is 70 years for the Holmesdale Building Society lifetime mortgage. Retirement income and lending specialist Hodge Lifetime was founded in 1965. Th, why we require you to use an independent financial adviser to give you professional advice. Hodge is a trading name of Julian Hodge Bank Limited which is registered in England and Wales (No. In 2016, Hodge Lifetime’s annuities saw the company win the ‘Most Competitive Annuity Provider’ award at the Moneyfacts Investment Life & Pension Awards for the second year running. There are also lots of informative sources you can use to do your own research. Hodge Lifetime is delighted to have won the Moneyfacts 2013 award for the Best Equity Release Provider as well as being commended in the Most Competitive Annuity Provider category. That’s why we’ve designed a Guaranteed Pension Annuity product that gives you plenty of payment options, so you can find the one that’s suitable for your situation. Retirement income and lending specialist Hodge Lifetime was founded in 1965. Since these are the set criteria for the mortgages, these also apply to their interest only lifetime mortgage calculators. 1998 – 2001. Hodge Lifetime Annuity Calculation Engine Hodge Lifetime “In 2010 Hodge Lifetime decided to enter the Annuity Market. Equity Release Supermarket can today announce the launch of the new Hodge Lifetime Retirement Mortgage Plan. Campaigners criticised the ABI, with Alan Higham of Annuity Direct saying it was ridiculous a provider such as Hodge Lifetime had been excluded when some of its rates are best in the market. An enhanced lifetime annuity means you receive a higher income compared to a basic rate annuity and is paid for life even if your health improves or you change your lifestyle. This means, Pay it back into their original pension plan or scheme, Alter or remove any of their chosen annuity options, Statement of Commitment to the UK Money Markets Code, Statement of Commitment to the Financial Abuse Code of Practice. The rise has been attributed to Hodge Lifetime wanting to become more competitive at the start of the New Year; however it will be welcomed by those thinking of purchasing an Annuity with their pension fund. The Lumpsum Lifetime Mortgage provides a … Hodge Lifetime offer 4 types of lifetime mortgage that we will focus on in this equity release review: Flexible Lifetime Mortgage (with variable early repayment charges) Lump Sum Lifetime Mortgage(with variable early repayment charges) Lifetime Mortgage (with fixed early repayment charges) Indexed Lifetime Mortgage (with fixed early repayment charges) Can I get an enhanced annuity? Following the principles of enhanced annuity, ... Hodge Lifetime and more2life interest only lifetime mortgages is 55 years, with a minimum property valuation starting from £70,000. By Equity Release Supermarket on the 31st July 2013 . Sales have started to tick up, however. If, or the dependant smoke or have a medical or health problem they may be eligible for more income from another provider. Annuity Direct director Stuart Bayliss welcomed the new product. 743437). The minimum age is 70 years for the Holmesdale Building Society lifetime mortgage. Here are some of the top UK annuity providers… Aviva; Hodge Lifetime; Canada Life; Legal & General; Just Retirement; Scottish Widows ; Liverpool Victoria; Although many insurance providers offer the option of buying annuities, the most important thing is to speak to an expert advisor who knows where and how to shop around for the best deal. An annuity has no cash-in value at any time. Aug 2002 – Sep 2012 10 years 2 months. may get a higher income. But, buying a pension annuity is an important commitment, and we want to make sure you’re in good hands with us. Discover how Hodge Guaranteed Pension Annuities can help. We understand how different retirement circumstances and financial positions in older age can be. If you client is in ill-health, smokes or is overweight, they may be able to secure a higher level of income by purchasing an enhanced or impaired annuity from another provider. 5 stars for Hodge Lifetime service. Help & Support. Its registered office is One Central Square, Cardiff, CF10 1FS. In our scenario, we've looked at: Just Retirement. Hodge only offer a standard rate annuity, so if you’re in ill-health, overweight, or smoking, and looking to secure a higher level of income for your retirement, enhanced or impaired annuities may be more suitable, so make sure you shop around to find the pension annuity that suits your needs. we want to make sure you’re in good hands with us. It is a guaranteed income for life, no matter how long you live. Hodge Lifetime saw Retirement Systems as the obvious choice to help them enter the Annuity Market. Chief Actuary Hodge Lifetime November 2012 – Present 7 years 1 month. Education. Why a lifetime annuity may not be suitable. In 2016, Hodge Lifetime’s annuities saw the company win the ‘Most Competitive Annuity Provider’ award at the Moneyfacts Investment Life & Pension Awards for the second year running. * For this reason, Hodge Lifetime does not offer its annuities directly to the public. If you don’t already have an adviser, you can start your search, using unbiased.co.uk. Hodge Lifetime. * As a smoker, 55 year old Mr B qualified for an enhanced annuity which gave him a guaranteed annuity income of £1,990. Responsible for the implementation and day to day running of the annuity department within Hodge Lifetime. You will need to provide proof of income to be eligible for a Hodge lifetime mortgage. The company mission is to offer competitive annuity rates when possible as well as lifetime mortgage products with flexibility and competitive pricing. This can be income from employment, from investment or from your pension. Our Guaranteed Pension Annuity could be for you if you: Our Guaranteed Pension Annuity isn’t for you if you: There are several important risks to consider when taking out a pension annuity: If you’re ready to apply, we’ve made it easy – your adviser/broker will help you through the process and our Annuity Application Form is simple to fill in. You’ll know how much you’re getting with a retirement income that doesn’t change, can include provisions to make sure your loved ones are looked after, and will have the flexibility of choosing the payment frequency you’re most comfortable with. The rise has been attributed to Hodge Lifetime wanting to become more competitive at the start of the New Year; however it will be welcomed by those thinking of purchasing an Annuity with their pension fund. The Hodge Lifetime Equity Release options. Change or remove any of your chosen annuity options. Skip to main content. You can specify that you’d like either 50%, 66% or 100% of your pension annuity to be paid to your spouse or partner – for the rest of their lives – if you pass away before them. Hodge Lifetime. Scottish Widows has launched its standard annuity to the open market meaning consumers who do not hold a pension with the provider will still be able to buy an annuity and looking to secure a higher level of income for your retirement, enhanced or impaired annuities, , so make sure you shop around to find the. The company mission is to offer competitive annuity rates when possible as well as lifetime mortgage products with flexibility and competitive pricing. Most Annuity providers, including Canada Life, Hodge Lifetime, Aviva, Just Retirement, LV=, Legal & General and Prudential, have reduced their best Annuity rates during the past month. The loan to value you will be able to get on your Hodge lifetime mortgage will also be based on your own age. His enhanced annuity gave him a guaranteed annuity income of £4,433, which was 45.4 per cent higher than a conventional annuity. Similar in concept, it enables people between the ages of 55-70 to remortgage their properties for any purpose. Your health isn’t taken into account when setting your annuity rate. Alternatively, you can use a specialist annuity broker. When you apply for an annuity, the provider will assess your life expectancy based on your health and lifestyle. have less than £10,000 to invest after taking your tax-free cash, require a guaranteed income from non-pension savings, want to make regular or one-off contributions, want to withdraw amounts from your pension pot as and when you choose, want flexibility to change any of the options initially chosen, Your policy has no cash value at any time. For a 60-year-old with the same amount of money, Hodge Lifetime offered the best value, with an income of £2,242 a year. It is common to encounter individuals looking for lumpsum lifetime mortgages, monthly payment lifetime mortgage or home reversion schemes, however, More2Life like Royal London Equity Release are keen to see proof of your personal circumstances in the form of bank statements. This was 35.2 per cent higher than a conventional annuity. Looking forward to retirement? We know that property portfolios come in lots of shapes and sizes, and that's why we've tailored our criteria - so that we can work flexibly, depending on what landlords are working with. In 2016, Hodge Lifetime’s annuities saw the company win the ‘Most Competitive Annuity Provider’ award at the Moneyfacts Investment Life & Pension Awards for the second year in a row. n. If you change your mind, you’ll have 30 days from the date you signed the application to let us know. Receiving a regular income in retirement through a pension annuity will not only give you peace of mind knowing that you’ll receive the funds for the rest of your life, but it can also make planning your spending easier, as you know what amount of money to expect. If you are interested in taking out an annuity or want to find out more, call Online Money Advisor on 0808 189 0463 or make an enquiry here.We’ll then put you in touch with a pension annuity expert who can talk you through your options for free. We’re always happy to help. Hodge is a trading name of Julian Hodge Bank Limited which is registered in England and Wales (No. A big thank you to everyone who supported and voted for us in this years awards. Bridgend College Diploma Diploma in Public Services. Hodge Lifetime is launching a mortgage product to compare to the Halifax Retirement Home Plan which proved immensely popular until its withdrawal in August 2011. you can trust, designed with simplicity in mind. They hired Retirement Systems to create the calculation engine that produced their rates.” Due to our involvement in the industry with our quotation platform and our ability to consult on all retirement income technology matters. With competitive rates, it enables your clients to make the most of their money in retirement. 743437). If you are aged 55 and over with a pension pot of over £2,000, before any tax-free cash has been withdrawn, we can help you compare lifetime annuity quotes to see if we can find you a higher income than your current pension provider. The following providers are on our panel of lifetime annuity providers, allowing you to compare quotes from the whole market when you get quotes with Annuity Ready. UK resident (excluding Channel Islands and Isle of Man) at time of application. An annuity is still ideal for anyone requiring a secure income. Hodge Lifetime, PO Box 1017, Ipswich, IP1 0WT. Annuity rates have gone up 19 per cent since they dropped following the European Union referendum according to data from Hargreaves Lansdown Home. flexibility of choosing the payment frequency you’re most comfortable with. The Guaranteed Pension Annuity is suitable for clients who: The Guaranteed Pension Annuity is not suitable for clients who: There are risks to your client, which are: This site is intended for professional intermediaries only and has not been approved for use with consumers. Their main focus is on lifetime mortgages. JUST was born from a merger between Partnership Assurance and Just Retirement in 2017. Best Annuity Provider!! In 2016, Hodge Lifetime’s annuities saw the company win the ‘Most Competitive Annuity Provider’ award at the Moneyfacts Investment Life & Pension Awards for the second year in a row. 1998 – 2001. you won’t have access to those funds – even if your circumstances change. A choice of monthly, quarterly, half yearly or yearly payment frequencies; in advance or in arrears, Guarantee payment periods of either 5 or 10 years, Option to add dependents income of either half, two thirds or full income levels, Have pension savings that they want to crystallise equal to at least £10,000 after deduction of any tax-free cash, Are a UK resident (excluding Channel Islands and Isle of Man) at time of making an application, Have less than £10,000 to invest after taking their tax-free cash, Require a guaranteed income from non-pension savings, Want to make regular or one-off contributions, Want to withdraw amounts from their pension pot as and when they choose, Want flexibility to change any of the options initially chosen, The policy has no cash in value at any time. The worst value for that age group was, again, Prudential, at £1,981. Responsible for the implementation and day to day running of the annuity department within Hodge Lifetime. Hodge Lifetime Founded in 1965, retirement income and lending specialist Hodge Lifetime offers a range of retirement solutions, including annuities and equity release. 60 Second Annuity Comparison. Just Retirement It is authorised by the Prudential Regulation Authority (Financial Services Register number 204439) and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Their main focus is on lifetime mortgages. Hodge Lifetime reviews can help you to find out more about this specialist mortgage lender. Equity release provider Hodge Lifetime has launched a guaranteed annuity product. and with pension savings of at least £10,000 (after deducting any tax-free cash). Legal & General (L&G) has launched an online annuity searching tool, allowing consumers to compare rates across six leading providers. Hodge Lifetime has been a specialist in the retirement market for over 50 years, making it one of the longest established equity release providers in the UK. If you have a medical or health problem, you may be more suited to a specialist annuity from another provider, you may get a higher income, but if they go down, you may get less. Once you’ve bought your annuity and the cancellation period has ended. Statement of Commitment to the UK Money Markets Code, Statement of Commitment to the Financial Abuse Code of Practice. At Hodge, we offer Guaranteed Pension Annuities for anyone who is a UK resident at the time of making the application (excluding Channel Islands and Isle of Man), aged between 55 and 85, and with pension savings of at least £10,000 (after deducting any tax-free cash). £125 Best Annuity Quote Guarantee. To help you understand your options better, the Government’s Pension Wise website offers useful information on guaranteed income, while Money Advice Service offers an annuity comparison service to obtain quotes. Potentially interest rates may start to rise, which could increase annuity rates thus a larger income. Our Guaranteed Payment Option allows you to choose between five or ten years, and guarantees that we’ll continue to pay your pension annuity in full to your partner or spouse for the remainder of that time if you pass away. Guarantee payment periods of either 5 or 10 years. Team Manager Lloyds Banking Group. Email Us Or write to us. Pension annuities allow you to turn your savings into a regular retirement income. HODGE LIFETIME LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity. We don’t offer Annuities directly to the public. It’s easy to find out if you can get a better annuity income, using our annuity service. Hodge Lifetime Founded in 1965, retirement income and lending specialist Hodge Lifetime offers a range of retirement solutions, including annuities and equity release. Launched today (22 November), members can use the tool to compare the annuity products of L&G, Aviva, Canada Life, Hodge Lifetime, Just, and Scottish Widows. If they go up. Most Annuity providers, including Canada Life, Hodge Lifetime, Aviva, Just Retirement, LV=, Legal & General and Prudential, have reduced their best Annuity rates during the past month. Education. pension funds could reduce in value before Hodge receives them. If you want to use the money in your pension pot to buy a pension annuity, you can do so. If they go down, Once the annuity has been purchased and the cancellation period has ended, even if, circumstances change, they will no longer have access to the funds paid to Hodge. Re in good hands with us also offering annuities and equity release can! To day running of the new product it is authorised by the Abuse! Don ’ t taken into account when setting your annuity rate dropped by 3.56 % during May about! 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