Converting your pension savings into an income for retirement is an important decision, so it's essential to shop around to find a product that gives you the best possible guaranteed income for life. You don’t have to buy an annuity through your existing pension provider.

We believe that most people at retirement could qualify for an enhanced annuity and potentially receive more retirement income. It's therefore worth shopping around for a personalised annuity which will take your medical details and lifestyle into consideration.

Our annuity comparison service will:

• provide you with information about annuities and the ways you can tailor the product to meet your individual needs, which might include guarding against inflation or providing for loved ones in the event of your death
• compare annuities from a range of providers including Aviva, Canada Life, Just, Legal and General, Scottish Widows and Standard Life
• help you with the setting up of an annuity by helping you to complete the paperwork and deal with the provider on your behalf

Please note that our service doesn’t provide financial advice.

Comparing retirement income products can be complicated. You may also wish to speak to a financial adviser who can review all your options and recommend the most suitable solution for you.

If you would like financial advice and don't already have a financial adviser, you can find impartial details of advisers on thepfs.org or the unbiased.co.uk website. Or we can help you through our Retirement Income Advice Service.

Alternatively, those aged 50 or over are entitled to free guidance from Pension Wise, which is a service from MoneyHelper and backed by government.