What is a Lifetime Annuity?
This kind of pension is now relatively rare. Prior to 2006, most pensions bought an annuity to provide an income for the member, and sometimes their spouse, for the rest of their lives. That stopped in 2006. There is no longer a requirement to buy an annuity with pension funds upon reaching retirement.
There are a number of flexible options that are available to draw your pension and One Crown Crown Pensions supports them all.
