Shaping your annuity
As you approach your intended retirement date your pension provider will write to you outlining your retirement options. One of these options may be to buy an annuity.
The paperwork they send you will detail the annuity they are offering you and how that annuity is shaped. At this point you need to ask yourself what is important to you, so that you choose the income features which match what you want from an annuity.