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 Pension Wise. Visit Pension Wise to learn more about your choices or to book a telephone or face to face appointment.


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.

There are some types of annuity that our service doesn't compare, such as investment linked annuities, so by doing some additional shopping around yourself, you may find a different type of annuity that may be more suitable for you. 

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