Should I buy an annuity with my pension?
If you're confused about whether to buy an annuity or not, we take a look at the pros and cons to help you make the right decision
What is an annuity?
Annuities are insurance products that let you exchange your pension pot (minus your tax-free cash) for a guaranteed, regular income for the rest of your life. Buying an annuity used to be the only option available to most people taking their pension.