As annuity rates can change substantially and rapidly, there is no guarantee that when you do purchase an annuity the rates will be favourable. This could mean that your pension thereafter may be less than you hoped for.
For free and impartial government guidance to help you understand what you can do with your pension pot please visit www.pensionwise.gov.uk
To avoid delays in processing please make sure you include all the required documents to support your application. Full details can be found here.