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Annuities

What’s an annuity?

  You can receive a regular income from your pension pot with an annuity. An annuity pays you a guaranteed …

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How much income will I get from an annuity?

  The income you get from your annuity will depend on the following: The size of your pension pot Your …

View full answer >>

Should I buy an annuity?

  We don’t offer annuities and we can’t provide you with advice on this matter. You can find further information …

View full answer >>

Do I have to take an annuity?

No, due to changes in legislation in April 2015, you no longer have to take an annuity when you retire …

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Should I buy an index-linked annuity?

  The younger you are, the more necessary it is to buy an annuity where your income rises in line …

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What’s a level annuity?

  This pays out the same amount of pension income throughout your life. This means that over time you won’t …

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Do you offer an annuity option?

  We don’t offer an annuity product, so using your pension savings to buy an annuity from us isn’t an …

View full answer >>

Who should I buy an annuity from?

  We don’t offer annuities and we can’t provide you with advice on this matter. You can find further information …

View full answer >>

Who is ‘Partnership’?

  A few years ago, we directed our retiring B&CE members to the provider Partnership when they wanted to buy …

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Why are fewer people choosing to purchase an annuity?

New rules were introduced on 6 April 2015 which allow pension scheme members more options on how they can access …

View full answer >>
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Annuities

What’s an annuity?

  You can receive a regular income from your pension pot with an annuity. An annuity pays you a guaranteed …

View full answer >>

How much income will I get from an annuity?

  The income you get from your annuity will depend on the following: The size of your pension pot Your …

View full answer >>

Should I buy an annuity?

  We don’t offer annuities and we can’t provide you with advice on this matter. You can find further information …

View full answer >>

Do I have to take an annuity?

No, due to changes in legislation in April 2015, you no longer have to take an annuity when you retire …

View full answer >>

Should I buy an index-linked annuity?

  The younger you are, the more necessary it is to buy an annuity where your income rises in line …

View full answer >>

What’s a level annuity?

  This pays out the same amount of pension income throughout your life. This means that over time you won’t …

View full answer >>

Do you offer an annuity option?

  We don’t offer an annuity product, so using your pension savings to buy an annuity from us isn’t an …

View full answer >>

Who should I buy an annuity from?

  We don’t offer annuities and we can’t provide you with advice on this matter. You can find further information …

View full answer >>

Who is ‘Partnership’?

  A few years ago, we directed our retiring B&CE members to the provider Partnership when they wanted to buy …

View full answer >>

Why are fewer people choosing to purchase an annuity?

New rules were introduced on 6 April 2015 which allow pension scheme members more options on how they can access …

View full answer >>