What is a Pension Annuity?

Published 18/03/2016 11.34 AM   |    Updated 28/03/2017 10.37 AM
A Pension Annuity converts the pension fund you have built up over the course of your working life into a regular income that will be paid to you for the rest of your life. Because it's paid to you for as long as you live, it's a kind of insurance policy to make sure you don't run out of money if you live longer than expected.

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