Compare the UK's best annuity rates

Purchasing an annuity is an important life decision and we're here to help guide you through the entire process.

We understand that you've worked hard to build up your pension savings and want to help you maximise its value, to make sure it provides you with financial stability in retirement with our non-advised guidance service.

About Pension Works

We have a dedicated team of Annuity Specialists, whose sole purpose is to provide you with all the information you need to make the right decision for your retirement.

You can rest assured you’re working with a well established, trusted organisation and we treat all our customers with the highest level of customer service and care.

Our specialist team are available on the phone to help with any questions you might have.

Who We Work With

FCA Regulated

We are authorised and regulated by the Financial Conduct Authority.

Whole of Market Comparison

We search the whole market to find the best plan for you. We only work with providers that are covered by the FSCS.

Thorough Discussion of Your Options

Our Annuity Specialists will explain all of your options allowing you to make an informed decision.

Full Application Management

Our administration team manage your application for you so you can relax and enjoy your retirement.

What is an Annuity?

An annuity is an income product purchased using your pension savings. It can be used to provide a guaranteed, stable income in retirement.

The income you receive is dependent on the annuity rate offered by the provider and will be guaranteed for life or over a fixed term depending on the option you choose.

Lifetime Annuity

A Lifetime Annuity guarantees an income for the rest of your life, regardless of how long you live. Your pension won’t “run out”, but you won’t have the option to make changes.

The Cost of Delay

It could be costly if you delay purchasing an annuity, for example to let your overall fund grow further. If the income from the first year is greater than the growth in the pension value, you could lose out.

This illustration below uses a £100,000 pension value and an expected growth rate of 5%, based on annuity rates as of January 2023.

Commencing now
at age 65
Delay commencing
until age 66
Total Income
to age 75
Total Income
to age 75
Commencing now
at age 65
Delay commencing
until age 66

Our Process


Welcome Call

One of our Annuity Specialists will call you to gather details about you, your financial situation and your retirement objectives. If you require an enhanced quote, we may ask you to complete a health questionnaire.


Initial Quote

We will email you your initial quote based on the information you have provided.


Presentation Call

After receiving your quote, one of our annuity experts will call you to discuss the product and your options. Alternative quotes can be obtained and discussed so you can make the right decision for you. If you decide to proceed we will take care of all the paperwork for your application.



Your pension will be used to purchase the annuity, we will liaise with your current pension provider and the annuity provider to setup the product. Once complete, you will start to receive annuity payments.

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