Nationwide takes on insurers with annuity service Nationwide Building Society is one of the first providers to capitalise on these proposed changes, by launching a new annuity brokerage service today. Those approaching retirement can use this service to source a higher annuity rate. The move comes after the National Association of Pension Funds (NAPF) called for more high street services to enable people to shop around for better annuity rates. As it stands those advisers that advise on annuities typcially deal with consumers that have big pension pots. Nationwide will use a panel of six insurers - including Aviva, Just Retirement, Legal & General and the insurer Partnership - which specialises in enhanced life annuities. Customers do not pay a fee to use the service, instead the building society will collect a commission payment from the insurer. A spokeswoman for Nationwide said these payments will be "fully disclosed." Unlike some more specialist advisory firms, Nationwide said it will offer this broking service to those with small pensions pots, the minimum sized fund is £18,000. Andrew Hagger of comparison website Moneynet said Nationwide was "a trusted brand," adding: "The building society has stolen a march on its rivals by getting in early with its annuity offering." Visit the Telegraph Retirement Service for expert advice on finding what steps you need to take in order to fulfil the retirement lifestyle you desire.