19 February 2026
Financial Advice in North Devon:
Pensions, Life Insurance and Annuities Explained
If you live in
North Devon
and are reviewing your financial plans, you may be considering your pensions, life insurance protection, or retirement income options.
At Better Financial Solutions, we work with individuals and families across North Devon to help them understand their financial options clearly and confidently.
This article explains the core areas we help with — and what to consider if you are reviewing your arrangements.
Pension Advice in North Devon
Pensions are one of the most important long-term financial decisions you will make. Whether you are:
- Building retirement savings
- Reviewing existing pension pots
- Considering pension consolidation
- Approaching retirement
Understanding your options is essential.
Many people in North Devon have multiple workplace pensions from previous employers. Reviewing these can help you understand:
- Investment strategy
- Charges and fees
- Retirement income projections
- Available flexibility
Pension rules and tax treatment can be complex, and individual circumstances vary.
Important:
Pension decisions can carry risk and may not be suitable for everyone. This information is for general guidance only and does not constitute financial advice.
Life Insurance Advice in North Devon
Life insurance can help provide financial security for your family if you were no longer there to support them.
Depending on your circumstances, protection planning may include:
- Level term life insurance
- Decreasing term cover (often linked to mortgages)
- Whole of life cover
- Income protection or critical illness cover
For families and business owners in North Devon, having appropriate protection in place can form part of a wider financial plan.
Cover levels, policy terms, and premiums vary based on age, health, and personal situation. Professional guidance can help ensure arrangements align with your goals.
Annuities and Retirement Income Planning
As you approach retirement, one key decision is how to convert pension savings into income.
One option available is purchasing an annuity. An annuity can provide:
- Guaranteed income for life
- Fixed or escalating payments
- Options for joint life cover
The annuity market changes regularly and rates can vary. Shopping around can make a difference to retirement income outcomes.
It is important to understand:
- The income is typically irreversible once purchased
- Different health conditions may qualify for enhanced annuity rates
- Alternative retirement income strategies may also be available
This blog is provided for information only and should not be taken as a recommendation to purchase or avoid any particular product.
Supporting Clients Across North Devon
We support clients throughout North Devon, including:
- Barnstaple
- Bideford
- Ilfracombe
- South Molton
- Braunton
Whether you prefer remote consultations or email support, we aim to provide clear explanations so you can make informed decisions about your financial future.
Why Local Advice Can Matter
Working with a local financial firm in North Devon can provide:
- Understanding of local property markets and employment patterns
- Ongoing support as your circumstances change
Financial planning is not just about products — it is about long-term relationships and clarity.
Important Information
This blog is for general information purposes only and does not constitute financial advice. Pension transfers, annuity purchases, life insurance arrangements, and investment decisions carry risk and may not be suitable for everyone. The value of investments can fall as well as rise and you may not get back the amount originally invested.
If you would like personalised recommendations based on your circumstances, you should seek regulated financial advice.
A guide to understanding annuities and retirement income options, helping you review pensions and make informed decisions with expert advice.
Understand the UK Pension Dashboard and how it could give you a clear view of your pension pots to help with retirement planning decisions.
