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The Annuity Providers in the UK are a mixture of major insurers and more specialised firms.
For some time, Aviva has been the biggest provider in terms of market share and product coverage.
Relative newcomers like Just Retirement and Partnership focus on enhanced policies for people with lifestyle choices that can affect their health, or people with serious illnesses.
As buying an annuity is such a critical moment in your future financial situation, it’s a good idea to get a broad perspective of who offers what.
Every provider has their strengths and weaknesses, so what should you consider when selecting an Annuity provider?
Remember, it isn’t always just down to rate. Other things are important too. These are just some of the things you should be aware of. Your independent adviser should be able to answer all of these questions and more for you.