You don't have to buy an annuity from your pension provider and it often pays to shop around. Call us for a quote and see how we compare.

Guide to annuities.

Whenever you decide to start receiving your pension benefits, you will normally need to buy a pension annuity in order to turn your pension fund(s) into a regular income for life. 

You don't necessarily have to retire before buying your annuity, it will depend on your individual circumstances. Buying a pension annuity is an important one-off decision, as once you've bought your annuity you will only have a short period of time to change your mind.

In this section you'll find a number of guides which aim to help you make an informed decision when buying an annuity.

 

couple in market

Annuities explained

There’s a lot to think about when buying an annuity so we’ve tried to pack as much information as we can into our one-page guide.

Annuities explained

archer aiming at target

Compare our annuities 

There are some key differences between our Pension Annuity and With Profits Annuity. We summarise them for you here. 

Compare annuities  

family walking their dog

Five easy steps to buying an annuity

It pays to shop around when buying a pension annuity to make sure you maximise your income and choice. 

Read our five step guide to buying an annuity

couple laughing in a market

Frequently asked questions (FAQs)  

We’ve put together responses to some common retirement and annuity-related questions, including how to go about turning your pension fund(s) into a regular income.

Annuities FAQs

couple in wine shop

Annuity jargon buster 

We define a number of the annuity-related terms that you might not have come across before. 

Definitions of commonly used pension annuity terms

 

How useful did you find this page?

User rating:
[Click a star to save your rating]

Your recently viewed items

You need javascript enabled for us to remember your Recently Viewed Items.

You might also be interested in...

Pension Annuity

Our Pension Annuity helps you to plan for your future with the certainty that your income will never fall.

Enhanced annuities

We could offer you extra income from our Pension Annuity if you have one or more qualifying health risks or medical conditions.

With Profits Annuity

Our With Profits Annuity offers you the potential for a higher income based on the growth of our With Profits fund.