Shopping around

In line with the flexibility offered by the new pension freedoms, you can expect to see a number of new products being advertised and talked about in the newspapers. It’s more important than ever to consider shopping around for the best deal so you can be confident that you’ve made the right decision.

Please remember that you don’t have to take ‘the first option’ you receive from your pension provider. This may turn out to be your best option but you can’t be sure until you’ve looked around and compared quotations. Financial Conduct Authority (FCA) research suggests that most people could get an increased guaranteed retirement income if they shop around.

If you’ve decided that you want a guaranteed income for the rest of your life, then you can use our online annuity comparison service for free.

We offer lifetime annuities from a panel of 7 annuity providers.

Because our panel doesn’t cover the whole market and because there are other types of annuity which we don’t offer, by shopping around yourself it could be possible for you to receive a higher income than our panel can offer, or a type of annuity that is more suitable for you.