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Provides a regular income for life in return for a lump sum – with the guarantee that the money won't run out before you die.
Provides you with a guaranteed income for a set number of years with an option to get money back at the end of the term.
retrieve an existing quote
60% of people stay with their existing provider when buying an annuity.
8 out of 10 lose out by not switching. †
Your pension provider may have provided a link to us. That's because the regulator for financial services – The Financial Conduct Authority – now requires all pension providers to help customers easily identify if they could be getting a better deal by shopping around. Here you can compare products that provide a guaranteed income – either for life or for a fixed term.
Watch this short video of people describing their experience when buying a guaranteed income. (Download the video transcript)
link opens a Word DOC in a new window
If your existing pension provider offers a Guaranteed Annuity Rate it will be hard to match – be sure to ask about this and then compare quotes.
Buying a guaranteed income (annuity) is just one of several options you have for using your pension pot.
Retirement income options tool
to find out more.
Once you buy a guaranteed income you can't change your mind – get help or regulated financial advice before you commit. Find out more in next steps at the end of this tool.
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