This means that if you can find an Insurance Company who will give you greater benefits than those proposed by the existing Provider, you have the right to move the fund. This is a complex matter and you will need to make decisions such as whether to taker the tax-free cash in whole or part, whether to take a level or increasing annuity and whether you would like the income to continue to your spouse or partner if you died first. You will need to take some advice before you make these important decisions.