Its main feature is comparing every annuity on the market to see which offers the best value.
The next question you’re likely to hear is: what’s an annuity?
Put simply, you use what’s in your pension to buy a guaranteed income for later life.
And call it fortunate timing but annuities are now at their highest level since 2008, which makes them an option that should be explored to help fund retirement.
Take a couple of minutes to find out a bit more.
What's an annuity?
Unsure how annuities work and why they can be a useful financial solution for retirees looking for a guaranteed income from their pension savings?
In this short video, our chief commercial officer, Alan Morahan, explains:
At 62, Rhodri wants to buy an annuity with his £126,000 pension and was offered £9,836 a year for life.
But using Pension Potential which takes into account his medical conditions, he secured £10,420* a year, for life, making him £1,034 better off each year. The annuity provider paid our fee.
*Based on a single life, level annuity, payable monthly in advance, using rates in force as at 24/10/22 .