Flexibilty or certainty? When it comes to retirement, choosing how to turn your pension savings into an income can make a lasting difference.
Adam Bateman and James Faley explore the key differences between pension drawdown and annuities, including how each affects your income, investment risk and ability to leave money to your family. They also explain why a combination of approaches may suit some retirees better than choosing just one.
The real world client story of Jsck brings the decision to life. Hoping to retire at 57, Jack faced a projected shortfall of £61,000. But by adjusting his pension arrangements, increasing contributions and easing into retirement through part-time work, his financial forecast improved to a potential £50,000 surplus.
Discover the factors that could shape your own retirement income strategy, and why the choice might depend on more than the size of your pension pot.