Pension annuity from New Ireland Assurance

[padraig mac]

I am considering buying a pension annuity from New Ireland Assurance and I’m wondering does anyone have any views on the company (underlying financial strength, rating, etc)

Thanks in advance

 

[LDFerguson]

New Ireland is part of the Bank of Ireland Group.

Do you mean you're now retiring and buying an annuity from New Ireland with a pension fund you've already built up? If so, you should compare New Ireland's annuity rates with those of other pension companies e.g. Friends First, Irish Life etc. A good discount broker should be able to get you a better annuity rate than the standard also. See the Financial Best Buys forum.