Annuities
Now retired I spend a lot of my time in Greece enjoying the climate, culture and food. I decided to purchase an annuity because I wanted the security it offered. By confirming details about my height, weight and alcohol intake Hargreaves Lansdown were able to get me an enhanced annuity quote offering nearly £900 more income than that offered by some of the other providers.
Mr McIver, Devon
Hargreaves Lansdown were brilliant in setting up my annuity. They did all the legwork for me by shopping around and finding me the highest income available from my pension. Everything was finalised within three weeks of first enquiring. I particularly liked that whenever I rang I spoke to someone straight away who was able to help.
Mrs Reeves, Wiltshire
I read about HL in the paper and I used the online tool to get some annuity quotes. The figures were thousands of pounds better than my pension provider's even though they were from the same insurance companies! Whenever I phoned the HL helpdesk I found it to be helpful and they always called back when they said they would.
Mr Franklin, Middlesex
I just wanted to say thank you for the enhanced RPI protected annuity quote received today. Thanks to you making it so easy I am going to receive an annual sum £2,500 greater than the lowest standard quote, and this is entirely down to your team. I remain hugely impressed with the service you provide.
Mr Coe, Stockton-on-Tees
- UK's #1 annuity service, for 13 years running:
More people choose Hargreaves Lansdown as their annuity broker than any other firm. We can negotiate the best discounts for our clients. - Guaranteed quotes from the whole of the market:
Instantly receive our best quotes from the leading UK annuity providers, with no obligation. - Immediate online underwriting for a better income:
Just answer a few simple questions to see if you qualify for an improved annuity rate due to health or lifestyle. It is important you do this - and it only takes a few minutes - as even minor conditions can count and mean more income, for life. It is estimated 70% of the UK population at retirement could be eligible. - Compare different annuity options at a glance:
Obtain as many quotes as you like to compare different annuity options. - Award-winning service and price promise:
We were awarded the Gold Standard for Retirement in 2014 by an independent panel. Our friendly Bristol-based helpdesk can help you understand the options and answer your questions in plain English. We also offer advice if you are not sure. If you find a better annuity quote anywhere else, we will do our very best to beat it.
Important: The information on our website is not personal advice but we can offer advice if specifically requested. What you do with your pension is an important decision, which could be irreversible. Make sure you understand your options and check they are suitable for your circumstances: take appropriate advice or guidance if you are unsure. The Government's free Pension Wise service can help. It provides impartial guidance face-to-face, online or by phone - more on Pension Wise.
Important points to consider
- You will be taking responsibility for your annuity purchase, so please ensure you are happy to make your own investment decisions, including whether an annuity is right for you. You should carefully consider your overall financial circumstances and other retirement goals or plans when making your decision. If you would like to explore a blend of secure and variable income, you can contact our helpdesk on 0117 314 1798 for more information and to receive illustrations. The service we offer is not personal advice. If you're unsure about making your own investment decisions please contact us for advice.
- If you are married or have a partner, you should strongly consider making provision for them in your annuity plans, so they receive an income if you die first.
- An annuity is paid for life, no quibbles, but don’t forget your retirement could last 30 years, and inflation could seriously reduce what you could buy with a fixed income. You might want to consider an annuity that increases each year, although you will receive less income in the early years.
- Before applying for your annuity, check the rate offered by your existing provider to make sure you are better off and won’t lose any guarantees by moving to a different provider. By moving, you will lose any entitlement to these.
- We are covered by the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service (FOS). You may be entitled to compensation from the FSCS if Hargreaves Lansdown or your annuity provider cannot meet their obligations. This will depend on the circumstances of your claim. In addition, if you are unhappy with the service we have provided, you can register a complaint by contacting us. If you are not satisfied by our final response, the FOS may be able to help you. Again, this will depend on the circumstances of your claim.
Speak directly to an annuity specialist
Our annuity specialists are here to answer your questions and help make the process as quick and seamless as possible. Please don't hesitate to contact them on 0117 314 1798.
Have a question?
0117 980 9940
Mon - Thu: 8am - 7pm
Fri: 8am - 6pm
Sat: 9.30 - 12:30pm
† Source: Equifax Touchstone
*Biggest annuity gains for quotes in December 2017, based on the top and bottom rate for 545 clients entering health and lifestyle online. The average increase was 16.30%. Actual increase will depend on your pension value and personal circumstances. Find out what income you could receive »