Annuity service | Getting you a higher income in retirement

Annuity service

Annuity service | Getting you a higher income in retirement

About to retire? Our annuity service can help you get a higher level of income

Our annuity service, provided in partnership with The Open Market Annuity Service (TOMAS), helps you understand your options, providing clear, personalised information so you can make the most of your pension and enjoy a higher level of income than you may be offered by your pension provider.

TOMAS can help you make the right choices and find you the best income possible based on your needs and circumstances.

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Buying an annuity

An annuity turns your pension fund into an income for life. Choosing an annuity is a once in a lifetime decision so it is important to make the right choice – there can up as much as 24% difference between the best and worst rates offered by annuity providers*.

Many people don’t realise that they are not obliged to buy an annuity from their pension company. You have a right to shop around for the best deal from the provider of your choice. However once you have bought an annuity you normally cannot change provider, so this really is a decision you will have to live with for the rest of your life.

This can be a daunting prospect – clearly you want to choose an annuity that best suits your lifestyle and likely income requirements.

How our annuity service works

We do not charge a fee for our service**, which is straightforward and easy to use:

  • You provide TOMAS with information about yourself and your pension fund.
  • TOMAS sends you a personal report which takes you through your options, step-by-step, so you can choose the right type of annuity for your circumstances.
  • TOMAS then searches the market to find the best terms for the type of annuity you have chosen.
  • TOMAS takes care of all the paperwork, answer any queries and ensure that the payment arrives in your bank account.

Understand your options at a glance

There are various types of annuity, and which you choose will depend on your circumstances and your likely income requirements over the rest of your life. TOMAS will give you a report that outlines your options in a way that makes it easy for you to understand and compare them.

Some valuable options can cost very little, so it is important to take the time at this stage of the process to evaluate both what is available to you and your requirements.

Getting the best income

Once you have decided on the right annuity options for you, TOMAS will immediately search the market to find the best terms for you. Rates on offer at any given time vary, depending on investment market conditions, interest rates and other things. Remember, the difference between the best and worst terms offered by annuity companies can be substantial, so it pays to shop around.

Whatever, your circumstances, TOMAS is expert at finding the best annuity for you.

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Could your health or lifestyle entitle you to an even higher income?

If you have currently, or have had in the past, certain medical conditions you may be able to obtain a higher level of income. These include common conditions such as high blood pressure. Plus, if you meet certain lifestyle criteria, such as whether you smoke and the amount of alcohol you drink, you may also qualify for more income.

Our service quickly identifies whether you could qualify.

If you are unsure about whether an annuity is suitable or would like to discuss other options call us on

08000 85 85 90*

* Monday-Thursday, 9:00am-7:30pm
* Friday, 9:00am-6:00pm
* Saturday, 10:00am-2:00pm.

Or request an appointment online:

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TOMAS – The Open Market Annuity Service