How will you turn pension savings into retirement income? Of all the questions that people approaching retirement have to answer this is among the most important. For those with savings held inside pensions – either within personal pensions or workplace schemes – there are two popular methods of turning this money into a regular income: annuities and drawdown.
There’s a full breakdown of your retirement income options here .
An annuity is a product that turns pension savings into guaranteed income. The deal is that you hand over a pot of money and an annuity provider will pay an agreed level […]
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