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When it comes to retirement there are numerous decisions that need to be made, one of which is what to do with your pension pot. 

One option is to receive an annuity in exchange for your pension pot which ensures that you will receive a steady income for the rest of your life. 

What is an Annuity?

An annuity is a pension product which provides you with an income for the rest of your life and is purchased from an insurance company using accumulated pension funds.

Each individual insurance company offers different annuity rates. Consequently, your existing provider may not provide the best level of income for your situation. This makes searching for the best annuity rate an important retirement planning step and is often referred to as the Open Market Option.

Due to the complexity of annuity options available on the market we will consider your individual circumstances in detail and take these into account when researching options that meet your requirements.

Enhanced Annuities

If you suffer from any medical conditions, take regular medication or are a regular smoker, you could qualify for higher annuity rates. Providers will take into account your current health and medical history or the fact that you are a smoker and offer an enhanced annuity rate by considering the effect on your life expectancy. In some instances you could receive a significant increase in income.

Your existing provider may not always consider these options, which is why it is essential to take independent financial advice when taking your pension benefits.


The Retirement Adviser have provided me with a comprehensive risk assessment and pension advice. In particular the consultant allocated to me has been exceptional, being readily available, punctual and provided extensive coverage of my options with recommendations.

Member of Motorola Pension Scheme