Annuities

Before you can plan your retirement you need to understand how the money built up in your pension plan is used to provide you with an income when you retire. One of the options people can choose is to invest the majority of their pension in an annuity which pays them a regular income throughout their retirement.

What is an annuity?

An annuity provides you with a guaranteed income for life when you retire. You buy an annuity using a lump sum from your pension or, perhaps, some savings. Annuities remove the worry of having to budget for an unknown period of time. Here at Aviva we're one of the UK's leading providers of annuities.

Shop around for the best deal

You can buy your annuity from any provider and it certainly doesn't have to be with the company you had your pension plan with. The amount of income you will receive from your annuity will vary between different insurance companies so it's a good idea to do some comparisons before making your decision.

We can help you understand the retirement process and find the right annuity for you

For independent advice and information on your retirement options and annuities, contact your financial adviser. If you don't have an adviser you can visit www.unbiased.co.uk.

To speak to one of our advisers about annuities, call us on 0800 068 3038 (Monday to Thursday 8.30am - 7.00pm, Friday 9.00am - 7.00pm, Saturday 9.00am - 1.00pm). Or arrange for one of our advisers to call you back at a convenient time.

We can only advise on our own products.

WC01028 01/2012