Pension Annuity guides

How do annuities work?

Many people are looking for reliable ways of funding their later years. Perhaps you want to make sure the bills are covered for the foreseeable future. Maybe you’d like to fund those trips you’ve always dreamed of taking, or that hobby you’ve always loved so much. Or you might just want to top up your income when you switch to working part time.

Guaranteed annuity rates

A guaranteed annuity rate (GAR) is an annuity rate written into your pension policy that your provider has to offer you. We explore how GARs work.

Guide to buying an annuity

Deciding that an annuity’s the right choice for you is only the beginning. You still need to look around, find the right one and then buy it. We’re going to give you some key pointers to help you do just that.

Annuity vs drawdown – what's the difference?

Many of us have spent the last few decades planning and carefully saving for the things that are important to us, whether that’s life’s luxuries, our mortgages and bills, or our plans for the future. As we get older we might have different priorities, but our financial planning for retirement should be just as important.

What is an annuity?

What is an annuity? We explain what annuity means and if an annuity is a good idea for you.

14% rise in annuity rates in two years

Annuity rates in the UK have risen by 14% in two years. Is now the best time to buy an annuity? We look at what this means for your retirement income.

Getting an annuity quote online

Learn all about annuity quotes and how to get an annuity quote in minutes with our helpful guide.

Wanderlust in retirement

Life’s too short to stay at home forever. And retirement presents is the perfect opportunity to spread our wings and fly. But given our busy lifestyles, how do we fulfil our retirement travel dreams? But where do we actually want to go?

Types of annuity

There are several types of annuity including fixed, variable, deferred and immediate. Find out which annuity type might be right for you.

What are fixed term annuities?

A fixed term annuity pays a guaranteed retirement income for a specific period of time. We help you understand whether a fixed annuity is right for you.