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.
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 that aim to help you make an informed decision when buying an annuity.
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.
Buying an annuity
It often pays to shop around when buying a pension annuity to help ensure you maximise your income and choice.
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.
Annuity jargon buster
We define a number of the annuity-related terms that you might not have come across before.
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Our Pension Annuity helps you to plan for your future with the certainty that your income will never fall.
We could offer you extra income from our Pension Annuity if common health risks like smoking or being overweight apply.
We could offer you extra income from our Pension Annuity if you suffer or have previously suffered from one or more qualifying medical conditions.