Annuities: Turning your pension into income

Many people think that when they retire, they'll automatically start receiving money from their pension. However, you decide how and when to convert your pension fund into a regular income. You can do this by buying an annuity - a policy that provides the security of an income for life.

Making the right choice is important, as once you've bought your annuity you can't normally change your mind. This means that choosing the annuity that best suits your needs is the biggest financial decision you'll have to make, but don't worry, we're here to help. To work out the best option for you, try our new interactive guide to choosing your annuity.

To find out how much income your pension fund could give you, you can now request a free annuity quote online. Simply fill out a short form, and once we've got all the necessary information, you'll receive your personalised quote(s) within three working days.

For guidance on converting your pension into an annuity and the options available to you, select from the boxes below.

If you'd like to find out about our range of annuities, please click on the following links.

• Enhanced Annuity
• Flexible Lifetime Annuity
• Guaranteed Pension Annuity
• Income Drawdown Plan
• With-Profits Annuity

We are the number one provider of annuities in the UK. We pay pension income to more than one million people every year and in 2007 more than 127,000 people chose to buy their annuity with us.**

To find out more, call us on 0800 012 1179* (please quote ECOM).

Annuities: Turning your pension into income Literature