Shopping around

Shopping around

You now have greater freedom to choose how you access your pension savings under a Defined Contribution scheme. Which means 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. 

The government has removed many restrictions on what you can do with your pension savings and provides people approaching retirement with free, impartial guidance about their choices through Money Helper. Visit Money Helper to learn more about your choices or to book an appointment.

Pension Wise is provided by The Money & Pensions Service (MaPS). MaPS  is an arm’s-length body sponsored by the Department for Work and Pensions, with a joint commitment to ensuring that people throughout the UK have guidance and access to the information they need to make effective financial decisions over their lifetime.


Choose the option that's right for you

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.

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 to help you compare leading annuity providers.

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