Why choose L&G for your annuity?
Trusted. Experienced. Here for your future.
When you’re making one of the most important financial decisions of your life, you want a provider with proven stability, deep expertise, and a commitment to putting customers first.
Our experience
For just under two centuries, we’ve helped people across the UK turn their pension savings into dependable retirement income. Our scale and financial strength mean you can feel confident that your money is in safe hands.
Our credentials
Why choose L&G?
We’re here to make your retirement choices clearer, easier, and more flexible.
Backed by strong independent ratings and a long track record of stability.
Whether you want a fixed, bridging income, the ability to take cash out, or options that allow withdrawals, we help you tailor your income to your life.
No hidden complexity — just straightforward guidance to help you make confident decisions.
Through Annuity Ready, we’ll tell you if you can get a better rate elsewhere, ensuring you always get the best value.
Enjoy complete control over your retirement planning with our straightforward, fully online direct annuity journey to create and amend quotes with ease. You can also manage your products through our app.
When you need to speak to someone, our team is here to help.
Regulated, dedicated, and award-winning
We are regulated by the FCA, a member of the Institute of Customer Service, and a proud Moneyfacts award winner.
Being a member of the Institute of Customer Service allows us to turn customer care promises into reality using solid UK benchmarks.
Our annuity products reviews
As of 19 June 2026, 152 customers have rated our annuities giving an average star rating of 4.1 out of 5 on Trustpilot. The score of 4.1 corresponds to the star label ‘Great’.
Our guaranteed income solutions
Lifetime annuity
Guaranteed income for life. This commitment is lifelong. Once purchased, you cannot cancel the plan or access your cash lump sum. Depending on how long you live and your chosen options, total payments may be less than the pension pot used to buy the annuity.
Fixed term plans
Guaranteed income for a set period of time, often used as a bridging income into retirement. Your guaranteed income stops at the end of the selected term. You will need to arrange alternative income options then.
Get more income if you qualify
We could pay out a higher income if you have certain health or lifestyle issues. Learn more about enhanced annuities and how they work. Income is based on your medical declarations at the start; you cannot update your health status to change payments later.
Protecting your loved ones
We can pay out to a spouse or loved one after you pass away. Choosing a joint option will typically reduce the initial income amount you receive compared to a single-life plan. Read our article to understand how joint annuities protect your partner.
Keep up with rising living costs
You can set your income to increase every year to help you keep up with inflation. Escalating plans start with a significantly lower initial income than a flat/level annuity. If you choose a level annuity, inflation will reduce its purchasing power over time.
Mix your options for flexibility
You do not have to put all your retirement money into an annuity. Many people mix things up to create a blended income. They keep some of their pension invested in a drawdown account for extra flexibility.
Drawdown lets your money grow, but it comes with risks. Your fund value goes up and down with the stock market. Unlike a guaranteed annuity, drawdown investments can lose value, and your money could run out.
Taking time to weigh up your choices can help you boost your retirement income.
Expert insights and guidance
Get the clarity you need to make informed decisions about your retirement.
Discover how annuities work in our annuities explained videos
Watch our video series to understand annuities, compare the types available, and follow a clear, step-by-step guide on how to purchase the right one for your retirement.
Plan your future with our retirement tools and calculators
Get a clearer picture of your retirement and move forward with a solid plan that ensures your savings work as hard as possible for your future.
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