QUESTION:
What type of pension annuity should I pick?



ANSWER:
This is the next big question. When you use your open market option and start shopping around you’ll soon find out how much choice there is. The first decision is whether you want a single or joint life deal. With the first the payments will cease on your death. Pick a joint life deal and while the initial payments will probably be lower you will get a guarantee that an agreed percentage of them (up to the full amount if you choose) will continue to be made to your surviving spouse or partner after your death.