About Annuities
Annuities have been around for centuries and provide the core of retirement solutions in the UK. They are a type of insurance policy that provides a regular, guaranteed income for life, in exchange for a lump sum – your pension savings.
For the majority of people reaching retirement, a conventional annuity remains the first choice to provide a pension income, but it is important to realise that conventional annuities are not the only way of turning your pension savings into an income.
The decisions that you make at retirement could determine the income that you will receive for the rest of your life, so it is important to explore all available options, to ensure that you end up with the solution that is most suitable for your circumstances, both at retirement and in the future.
You have the right to buy your annuity with a different provider from the one, or ones, with whom you saved your pension fund. This is important, as regardless of how well your existing pension provider has performed before you take benefits, they may not be the best for you at retirement.
The Annuity Bureau is able to help identify the most suitable options for your individual circumstances and can help you every step of the way; from the initial research and quotes stage, through to purchasing the right Annuity.