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 MoneyHelper. Visit MoneyHelper to learn more about your choices or to book an appointment with Pension Wise, a government service from MoneyHelper. The service offers pensions guidance to help you understand what your overall financial situation will be when you retire and the things you need to consider before you do. You can find out more about the Pension Wise service here.

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 annuity comparison service to help you compare leading annuity providers.

Our advice service

If you are not sure what options are right for you, our advice service can provide financial recommendations tailored to your personal situation. We look at your finances, your goals and attitude to risk to provide a detailed plan outlining a recommended approach, that we can then put in place for you and review throughout your retirement - tweaking it as your circumstances change.

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Shopping around

Shopping around

Choose the option that's right for you

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