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Annuities: Pros and Cons of Fixing your Retirement Income

Annuities used to be the only means by which most people could create an income from their pension. Those fortunate enough to have a larger pension fund were afforded greater flexibility and could keep their funds invested whilst drawing down an income over time. But following the legislative changes introduced in 2015, almost everyone now has the freedom to choose how to access their pension. Annuities are now just one of many strategies available. This article presents the pros and cons of buying an annuity. Continue reading