Compare UK Annuity Rates

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What is an Annuity?

In simple terms, an annuity is a contract bought using your pension pot. Annuity provides a regular income throughout retirement for the rest of the policy holder’s life. This income goes beyond anything from the state or from a previous employer.

As retirement approaches, if you have a personal pension, your provider will contact you with an offer on an annuity. As as a contract, once an annuity agreement is signed, there’s no going back – and it is highly unlikely this initial offer is the best deal you could get, so you should not accept it automatically. For more information on this, see our retirement planning guide

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