Buying an annuity: How to shop around
Choosing the right annuity
At retirement, you may decide to use your pension pot from your defined contribution scheme to buy an annuity. You no longer have to buy an annuity, but it may be the right choice for you, if you want a guaranteed income. Buying an annuity can be an irreversible decision so it’s important that you spend time looking at the options and shopping around.
In order to help you, we have prepared the following information:
Where can I find out more?
If you need more information, please contact us. A pension specialist from our team will be happy to help with whatever pensions-related question you have. Our help is always free.