News release: Nest connects to annuity brokerage service Retirement Line

11 September 2025

For immediate use

Nest, the UK’s largest pension scheme by number of members, has today announced a new partnership with annuity broker Retirement Line to expand retirement options for its over 13 million members.

This partnership provides Nest members with direct access to a trustworthy annuity broker who can help them navigate the annuity market. An annuity provides the benefit of a clear, guaranteed level of income, reducing the need for savers to make complex decisions about investing and withdrawing money as they progress through retirement.

Research conducted by Nest shows many of Nest’s members desire support to manage the risks they face in retirement. Nest’s new partnership with Retirement Line further broadens the scheme members’ retirement options and guided support.

Commenting on the partnership, Nest’s Member Proposition Director, Deborah Perkins, said: 

“For some of our members, many of whom were brought into pension saving by auto enrolment, an annuity could be an appealing retirement option. But there is a significant risk that comes with trying to navigate the annuity market without support to shop around for deals that are suitable for their needs.

“Everything we do is built around supporting people to set their own retirement goals and provide them with the tools to reach the outcomes in a way that suits them. With this latest addition to our suite of retirement solutions, our members will know Nest is helping them every step of the way in their retirement journey, supporting our purpose of building financial wellbeing for all.”

Mark Ormston, Director of Propositions and Corporate Partnerships at Retirement Line, said:

“We are delighted to partner with Nest on the crucial area of exercising the open market option. There can be a significant difference between the lowest and highest annuity rates – and therefore income – offered by annuity providers. By accessing our annuity guidance, information and quotation service, we help people maximise their guaranteed annuity income, should they choose to use some or all of their Nest pension pot to buy an annuity.

”As well as comparing quotes from all the leading providers, we also take great care to check our customers’ eligibility for enhanced annuities, which pay more income on account or poor health or certain lifestyle decisions.

“We are confident that Nest’s scheme members will find our service beneficial in helping them make the most of their pension savings.”

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Press enquiries:

Mark Ormston  

Phone: 01733 307216

mark.ormston@retirementline.co.uk

Notes to editors:

Retirement Line is a specialist pensions annuity intermediary offering guidance and support to help retirees secure the best income available from the UK’s leading annuity providers. Based in Peterborough, the company is authorised and regulated by the Financial Conduct Authority.