Buy a pension on the open market

Buy a pension on the open market

You may be able buy a different type of pension (known as an ‘annuity’) on the open market.

There are lots of different types of annuities available so you can choose the shape of retirement income that best suits your circumstances. For example, if you are single or a smoker, you may be able to buy a pension which provides you with a higher income than the Plan would provide.