Hargreaves Lansdown

Do I have to purchase an annuity through my existing pension provider?

  • No. You will often find that you can obtain a higher retirement income by taking the 'open market option' and purchasing your annuity through an alternative provider.
  • Get a free, no obligation open market quote now. This will allow you to evaluate your annuity options and compare the rate offered by your own pension provider to those offered by other providers.
  • You should consider staying with your existing provider if they offer you something known as a guaranteed annuity rate, which may pay a higher income than an annuity available elsewhere on the open market.