Frequently Asked Questions

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You asked: How do I shop around for an annuity?

If you choose to buy an annuity, you can ask any annuity provider to give you a quote for the amount of income they may give you. You need to tell them the amount of pension money you have to buy the annuity with, or the size of your pension fund, if that's what you're using. If you have more than one fund, it may be worth combining them into one larger fund, although this is not always possible. Take a look at what you need to consider when transferring a pension. You can either contact the annuity providers yourself or ask your financial adviser to get you some quotes. Once you have the quotes, you can compare them and find the best deal for you. The quotes you receive from the annuity providers are usually only an indication of what you might receive, so check with each provider if the quote is guaranteed.

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