UKAEA Pensions

• About the scheme
• Benefits
• Personal and stakeholder pensions
• Additional contributions
  • Contributions
  • Added years
  • AVC scheme
  • Personal and stakeholder pensions
  • Leaving the AVC scheme
  • Deferring of purchase of an annuity at retirement
  • Types of annuities
  • Guarantee periods
  • Open market option
• Shift Pay Pension Savings Plan

Download the Rules

Home > Additional contributions

Open market option

There is provision in the AVC Scheme to purchase an annuity on the open market; using your AVC fund to purchase an annuity with an alternative company to the Prudential, United Kingdom Atomic Energy Authority’s Group AVC Scheme provider. You may wish to consider seeking financial advice before purchasing an annuity including whether to take an open market option.