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

Guide to retirement and 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 give up work before buying your annuity, it will depend on your individual circumstances. 

Buying a pension annuity is an important one-off decision, as once you have chosen your annuity and selected your options you will not be able to change your mind.

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

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Guide to annuities

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

Read our guide to annuities

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Compare our annuities 

There are some key differences between our Non Profit and With Profits annuities. We summarise them for you here. 

Compare our pension annuities  

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Five easy steps to buying an annuity

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

Read our five step guide to buying your annuity

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Frequently asked questions (FAQs)  

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

View responses to frequently asked annuity questions

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Jargon buster – annuity glossary 

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

Familiarise yourself with commonly used pension annuity terms

 

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Non Profit annuity

Our Non Profit annuity helps you to plan for your future with the certainty that your income will never fall.

Enhanced annuity

We could offer you extra income from your annuity if you have one or more qualifying 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.