An annuity is a financial product that allows you to convert your pension savings into a guaranteed, fixed income for the rest of your life - often referred to as a secure income.

Choosing an annuity is a significant decision, as it is usually irreversible. That’s why it’s essential to fully understand how annuities work, the different types available, and the features they offer before making a commitment…

Deciding what happens to your pension when you die might not be front of mind, but if it is sorted it could give you peace of mind.

So, why is nominating your beneficiaries and keeping them up-to-date important?

Before you decide how you'd like to access your pension savings, it's important to take some time to understand all your options. 

What are your retirement options?