Budget 2014 Pension Reforms.

Our take on the pension changes announced in the budget and how they could affect your access to your defined contribution pension benefits.

Why might I need an annuity?

If your pension fund won't provide you with an income or you'd like to secure an income for life, you can buy a pension annuity to turn your pension fund into an income.

The earliest you can buy one and start to receive a pension income is on your 55th birthday, whether you continue to work or not. Find out more by reading our annuities explained guide.

You don't have to buy your annuity from your pension provider and it often pays to take the open market option and shop around because different annuity providers offer different rates and income.

Call us on 0800 048 2445 for your personalised annuity quote, to see how we compare.


Annuity options and how much they cost.

Our Pension Annuity offers you a fixed or increasing income for life that will never fall.

You can choose how you want your annuity income paid and whether to add an income for your spouse or partner when you die. Read more about your annuity options.

Each of the annuity options you choose will have an effect on your starting income. You can get a quick idea of how adding different options can affect your income by using our annuity calculator

Call us on 0800 048 2445 for your personalised annuity quote, to see how we compare.


Extra income for health problems.

We could offer you extra income from our Pension Annuity if you have been diagnosed with one or more medical conditions. The more serious your condition(s), the more income we could offer.
See a list of qualifying medical conditions.

We can even offer extra income for your lifestyle health risks. Smoking, being overweight or high blood pressure, when you buy your annuity, could each mean you're offered more.  Read more about these lifestyle health risks.

Call us on 0800 048 2445 for your personalised annuity quote, to see how we compare.


Call us for a quote on 0800 048 2445.

Monday to Friday, 9am to 5pm. Call charges will vary. We may record and monitor calls.

Take a few minutes to let us know what annuity options you want to include and we'll give you your guaranteed quote over the phone. Read more about our annuity quotes.

We'll take time to make sure you understand these options and to ask you all the right questions about your health, to ensure you don't miss out on extra income that might be available.

We're a longstanding provider of pension annuities. In the last 12 months we've paid our customers pension income of more than £1.4 billion. Call us for a quote to see what we can offer.



Pension Annuity

Best mainstream annuity provider winner, Moneywise pension awards 2013
Our Pension Annuity helps you to plan for your future with the certainty that your income will never fall. You can choose for your income to remain the same or increase each year from a lower starting level.

Buy one direct from us or through a financial adviser.

Is it right for me?        What are my options?
Call us on 0800 048 2445 for your personalised quote

Annuity Calculator

Get a quick idea of how much income we could offer you using our annuity calculator. Try adding and removing options to see how it affects income.

Enhanced Annuity

If you have suffered from a medical condition we could be able to offer you extra annuity income for life. The more serious your medical condition(s) the more we could be able to offer you.

Potentially qualifying conditions list

You could even qualify for 'enhanced' income based on common lifestyle health risks like high blood pressure.

It Pays To Shop Around - 'Open Market Option'

You can choose from a range of annuity providers, products and options 
but once you've bought your annuity you can't change it. We recommend 
you shop around (take the OMO) and seek financial advice before buying.

Call us for a personalised annuity quote

0800 048 2445

Monday to Friday, 9am to 5pm
Call charges will vary. We may record and monitor calls.

Guide to annuities

Buying a pension annuity is an important one-off decision. Our guides aim to help you choose 
an annuity that best suits your individual circumstances.

Annuities explained

Frequently asked questions

Buying an annuity

Annuity jargon buster

Annuity buying choices and decisions (ABCD)  PDF: 180KB

Pension annuity income decisions (PAID)  PDF: 195KB

Why Choose Us?

  • We're a long-standing provider of annuities and ranked amongst the FTSE top 100 companies.
  • We offer standard and enhanced rate annuities that are available to buy with funds of just £1,000.
    Buying an annuity direct from us
  • We have more than 760,000 pension customers. In the last 12 months we paid our customers pension income of over £1.4 billion.

Annuity rates

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