Is Scottish Widows offering you the best Annuity Rate?

Compare Pension Annuity rates from the UK's leading providers such as Aviva, Phoenix, AON, Zurich, Axa, L&G and many more.


Comparing the different rates available from other leading providers – instead of buying a pension annuity from Scottish Widows – could result in an increase to your retirement income of up to 40%. Simply complete the form and we’ll explore the whole market to provide no obligation, personally tailored quotes from the UK’s leading providers.

“Of those who do not switch, eight out of ten people could get a more generous retirement income by shopping around and buying an annuity from a different provider.”

Source:
Financial Conduct Authority, 2014

The Open Market Option - Your right to search for the best annuity rates

According to a 2014 report by the Financial Conduct Authority (FCA), over 80% of retirees – amounting to around 134,000 people a year – secured a lower income by staying with their existing pension provider than they could have found by shopping around.

The Open Market Option gives you the opportunity to compare annuity rates across a range of providers. By doing this, you could secure more favourable terms and increase your retirement income by up to 40%.

Benefits of speaking to an annuities specialist

The annuity rates you could be eligible for will vary considerably according to a range of factors – from your age, health and lifestyle to your financial circumstances, savings and even where you live. That’s why there are no comparison tables on this website – to get an accurate picture of the best rates on the market, speaking to an annuities specialist is strongly advised.

At Compare Annuity, we work with a network of annuity specialists who can explore the whole market for the best rates. This is a free service, and there’s no obligation to buy any of the quotes provided to you. Just fill in our quick and simple form to get connected to a member of our network today.

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At Compare Annuity we've helped:

102,203

people to boost their retirement income with a personal annuity comparison.

Our service is free and there is no obligation to buy any quotes provided by our annuity specialists.


Why it’s always worthwhile to shop around

60% of retirees

Over half of all UK adults could qualify for enhanced annuity rates

£1bn lost annually

Amount thrown away every year as a result of people failing to shop around to find the best annuity rates.

1500 lifestyle & medical conditions

Approximate number of lifestyle and medical conditions that can be taken into consideration to secure a higher annuity rate.

2 out of 3 adults

Proportion of the adult population in the UK who have higher than recommended cholesterol levels. Source: NHS 2011

80% of retirees could get a better deal

4/5 of retirees who buy an annuity from their pension provider could get a better deal by shopping around.

21% quote increase

Average increase on their original quote enjoyed by retirees who take the time to shop around.

These figures are taken from the FCA’s tables, MGM Advantage, and Just Retirement, October 2012. The healthy non-smoker quote is an average rate. Figures are for a 65 year old male with a £100,000 pension fund. Level income, no guarantee period. The percentage extra shown alongside the health or lifestyle conditions can apply irrespective of the size of pension fund.