Everything you need to know about annuities when creating a retirement income  

When you retire, you will often have a range of choices available to you about how you take your income. One such method is an annuity. An annuity could provide you with a way to create a guaranteed income once you retire. As a result, they may offer financial security and peace of mind over the long term.

Yet, research suggests that many approaching retirement don’t understand how annuities work. Getting to grips with annuities could be important
when you’re deciding how to access your pension. So, read on to discover the essentials you need to know.