You do not have to accept the annuity rates offered to you by your pension provider. You have the right to exercise what is known as the Open Market Option. This means you can use your pension fund to buy your annuity with a more competitive annuity provider on the open market.
Why throw away your annuity income?
According to the NAPF (The National Association of Pension Funds) people buying annuities throw away £1 billion each year in lost annuity income by failing to shop around and not using the Open Market Option. It’s your money, so why not make the most of it?
Retirement Line provides instant guaranteed annuity quotes from the UK’s leading annuity providers including Aviva, Canada Life, Just, Legal & General, LV, and Scottish Widows. This annuity panel is constantly monitored to ensure we’re always providing the best annuity rates available.
We make life easy for you
Use our free, no obligation annuity comparison service and get more annuity income thanks to our preferential annuity rates. And because we take care of all the paperwork and deal with the annuity providers on your behalf, we make choosing the best annuity for you simple and straightforward.