What is the Annuity Bureau?
The Royal London Annuity Bureau is a non-advised service to help you set up a lifetime annuity, which will provide you with a guaranteed regular income for the rest of your life.
The Annuity Bureau is available exclusively for Royal London customers aged 55 and over. Once you start using the service, we'll run through your annuity options and ask you some medical questions. This is so the quote we provide will give you the highest income possible from our panel of providers.
How does the annuity bureau work?
Give us your details
We'll start off by getting details of your medical history and lifestyle. Consider that health problems and a more expensive lifestyle might mean a higher income.
Review your options
We'll then bring up the options and you can review them straight away. You can go back and change some of the options to see how this affects your income.
Choose your annuity
Once you've decided on the right annuity for you, we'll send out your partially completed application form for you to complete and return.
Pension taken out through employer or financial adviser
Call our customer service team on 0345 605 0050*.
Pension not taken out through employer or adviser
Call our customer service team on 0345 050 2020*.
Not sure who took out your pension plan?
Not sure who your pension's with but want an annuity? Get in touch.
*Open 8am–6pm, Monday to Friday (excluding bank holidays).
How do we compare annuities?
We'll provide you with information about annuities and the ways you can tailor the product to meet your individual needs, whether that's guarding against inflation or providing for loved ones in the event of your death.
As well as providing information on the options available, we can help you get everything in place by:
- helping you complete all the forms
- dealing with the providers on your behalf
- keeping you updated regularly
- ensuring you receive your income when you need it.
The annuity comparison service doesn't provide financial advice. If you need advice and already use a financial adviser then we suggest you speak to them. If you don't currently have a financial adviser, you can find more information about how to find an adviser.
What are the costs?
We don't charge an upfront fee for our services. However, we may be paid commission by the provider you select for your annuity. Any commission payable to us is illustrated in the quotations you receive.
Which providers do we compare?
Our online planner compares annuities from the following providers:
- Aviva
- Canada Life
- Just
- Legal and General
- Scottish Widows
- Standard Life
Shopping around gives you the best chance of getting the most income from your annuity. For this reason, it's worth comparing providers before deciding who to go with. All of these providers are regulated by the Financial Conduct Authority.