National Annuity Day - 21st October 2025

We are pleased to support the first National Annuity Day on the 21st October 2025,

What is an Annuity?

An annuity is a contract with an insurance company that provides guaranteed income, typically for life, in exchange for a lump sum payment. You're essentially purchasing a personal pension that ensures you'll never outlive your money, regardless of market conditions or longevity.

Types of Annuities

Immediate annuities begin paying out shortly after purchase, ideal for current retirees. Deferred annuities accumulate value before payments begin, suitable for younger savers.

Fixed annuities provide unchanging guaranteed payments. Variable annuities tie payments to investment performance. Index-linked annuities adjust payments based on inflation, offering a middle ground.

Role in Retirement Planning

Annuities provide essential longevity protection by guaranteeing lifelong income, eliminating the risk of outliving your savings. They offer stability that complements other retirement investments like ISAs and workplace pensions, creating a reliable income floor for essential expenses.