Get a free pension

According to the Daily Telegraph, hundreds of thousands of people could get a free pension for their spouse by rejecting the annuity they are offered by their pension scheme provider. In the example quoted, a man about to retire could be offered a single life annuity paying £5,363 a year during his lifetime only, but by shopping around he could get £5,532 a year from a different provider with two-thirds of that continuing to be paid to his wife through her lifetime after his death.