An Annuity is a financial provides you with a regular income for life when you retire – with the guarantee that the money won’t run out before you die.


If a person is incapacitated and entitled to receive a retirement pension or other state benefits, the Department for Work and Pensions can choose an ‘appointee’ to receive those benefits on that person’s behalf. The appointee can be a relative, friend or someone from the caring professions (such as the local authority social services department).